Aperam (OTCMKTS:APEMY) Shares Gap Up – Should You Buy?

Aperam (OTCMKTS:APEMY – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $55.00, but opened at $61.6450. Aperam shares last traded at $61.6450, with a volume of 345 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on APEMY. Zacks Research upgraded shares of Aperam from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research note on Thursday, May 14th. Citigroup restated a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Morgan Stanley restated an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Finally, Jefferies Financial Group upgraded shares of Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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Aperam Price Performance

The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 134.01 and a beta of 1.32. The company’s 50 day moving average is $50.51 and its 200-day moving average is $45.27. The company has a current ratio of 3.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

Aperam (OTCMKTS:APEMY – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). Aperam had a net margin of 0.49% and a return on equity of 0.94%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.82 billion. Equities research analysts anticipate that Aperam will post 2.3 earnings per share for the current year.

Aperam Company Profile

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Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.

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