Aperam (OTCMKTS:APEMY) Rating Lowered to Strong Sell at Zacks Research

Aperam (OTCMKTS:APEMY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Separately, Deutsche Bank reissued a “buy” rating on shares of Aperam in a report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Aperam currently has an average rating of “Hold”.

Aperam Stock Performance

OTCMKTS:APEMY opened at $38.77 on Wednesday. The stock has a market cap of $2.84 billion, a P/E ratio of 15.82 and a beta of 1.40. The stock has a 50 day simple moving average of $46.04 and a 200 day simple moving average of $49.53. The company has a current ratio of 1.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.34. Aperam has a 1-year low of $35.30 and a 1-year high of $61.65.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings data on Friday, November 6th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.31). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. Aperam had a net margin of 2.53% and a return on equity of 3.21%. Research analysts anticipate that Aperam will post 2.93 earnings per share for the current year.

About Aperam

Aperam is a global producer of stainless and specialty steels, serving customers in industries such as automotive, construction, consumer goods, energy and industrial equipment. Its products include stainless steel, electrical steel and specialty alloys designed for applications that require specific performance or corrosion resistance. The company also provides processing and distribution services, including solutions that tailor steel products to customer requirements. Through its recycling and renewables activities, Aperam collects and processes scrap and works to incorporate recycled materials into its operations.