Aperam (OTCMKTS:APEMY) Receives Average Rating of “Moderate Buy” from Brokerages

Aperam (OTCMKTS:APEMY – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Citigroup reissued a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Zacks Research raised Aperam from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Jefferies Financial Group raised Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research note on Thursday, May 14th.

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Aperam Stock Performance

OTCMKTS:APEMY opened at $59.43 on Friday. The stock’s 50-day simple moving average is $52.85 and its 200 day simple moving average is $46.18. The firm has a market capitalization of $4.35 billion, a PE ratio of 129.20 and a beta of 1.32. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. Aperam has a twelve month low of $29.17 and a twelve month high of $61.65.

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