Aperam (OTCMKTS:APEMY) Hits New 1-Year High – Here’s What Happened

Shares of Aperam (OTCMKTS:APEMY) hit a new 52-week high during trading on Friday . The stock traded as high as $43.00 and last traded at $43.00, with a volume of 190 shares traded. The stock had previously closed at $42.50.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research upgraded Aperam from a “strong sell” rating to a “strong-buy” rating in a report on Friday, January 9th. Oddo Bhf lowered Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Citigroup restated a “neutral” rating on shares of Aperam in a report on Thursday. Finally, Morgan Stanley upgraded Aperam from an “equal weight” rating to an “overweight” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Aperam Trading Up 1.2%

The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -358.30 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 0.47. The business’s 50-day moving average price is $39.76 and its 200 day moving average price is $35.50.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.34). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. On average, equities analysts forecast that Aperam will post 2.84 earnings per share for the current fiscal year.

Aperam Company Profile

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.