Zacks Research Downgrades Aperam (OTCMKTS:APEMY) to Strong Sell

Aperam (OTCMKTS:APEMY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the company. Morgan Stanley raised Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. Citigroup reissued a “neutral” rating on shares of Aperam in a research report on Friday, December 5th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Aperam presently has an average rating of “Hold”.

Aperam Stock Performance

APEMY opened at $41.90 on Thursday. 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 company’s 50 day simple moving average is $38.50 and its two-hundred day simple moving average is $34.48. Aperam has a 1-year low of $25.97 and a 1-year high of $41.90. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -349.10 and a beta of 1.08.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.34). Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.69 billion. Analysts expect that Aperam will post 2.84 EPS for the current fiscal year.

About Aperam

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.