Aperam (OTCMKTS:APEMY) Stock Rating Upgraded by Zacks Research

Aperam (OTCMKTS:APEMY – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages have also commented on APEMY. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research report on Wednesday, May 20th. BNP Paribas Exane lowered shares of Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research note on Thursday, May 14th. Finally, Jefferies Financial Group raised Aperam from a “hold” rating to a “buy” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

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Aperam Stock Up 7.4%

APEMY opened at $54.06 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 117.52 and a beta of 1.36. The business has a 50-day moving average of $55.65 and a two-hundred day moving average of $48.67. Aperam has a 12 month low of $29.17 and a 12 month high of $61.65.

Aperam (OTCMKTS:APEMY – Get Free Report) last announced 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 company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Aperam had a return on equity of 0.94% and a net margin of 0.49%. On average, research analysts expect that Aperam will post 2.58 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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