Aperam (OTCMKTS:APEMY) Shares Up 6.7% – Should You Buy?

Aperam (OTCMKTS:APEMY)’s share price rose 6.7% during trading on Wednesday . The stock traded as high as $51.95 and last traded at $51.95. Approximately 302 shares were traded during trading, a decline of 83% from the average daily volume of 1,771 shares. The stock had previously closed at $48.69.

Wall Street Analysts Forecast Growth

APEMY has been the topic of a number of analyst reports. Morgan Stanley upgraded Aperam from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 15th. Zacks Research lowered Aperam from a “strong-buy” rating to a “hold” rating in a research report on Monday. Citigroup reissued a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. Oddo Bhf cut Aperam to a “neutral” rating in a report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Monday. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Aperam Stock Performance

The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 101.78 and a beta of 1.10. The stock has a 50 day moving average price of $42.47 and a two-hundred day moving average price of $37.01.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Analysts predict that Aperam will post 2.84 EPS for the current 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.