Aperam (OTCMKTS:APEMY) Shares Gap Down Following Analyst Downgrade

Shares of Aperam (OTCMKTS:APEMY – Get Free Report) gapped down prior to trading on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $44.3140, but opened at $42.19. Aperam shares last traded at $42.19, with a volume of 205 shares trading hands.

Other research analysts have also issued research reports about the stock. BNP Paribas Exane lowered shares of Aperam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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Aperam Trading Down 0.5%

The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 36.72 and a beta of 1.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.55 and a current ratio of 1.63. The firm has a fifty day moving average price of $51.88 and a 200-day moving average price of $52.28.

Aperam Company Profile

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Aperam SA is a Luxembourg-based producer of stainless, specialty and electrical steels. The company manufactures a broad range of flat and long steel products, including stainless steel coils, sheets, plates and bars, as well as specialty alloys and electrical steel used in industrial, energy, automotive, construction, consumer and other applications.

Aperam also provides processing, distribution and technical services through its Services and Solutions activities. Its Alloys and Specialties business develops nickel-based alloys and other high-performance materials for demanding uses, while its recycling operations support the collection and processing of stainless steel and other recyclable metals.

The company was established in 2011 following the spin-off of ArcelorMittal’s stainless steel activities.

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