Aperam (OTCMKTS:APEMY) Shares Gap Up – Here’s Why

Aperam (OTCMKTS:APEMY) gapped up prior to trading on Wednesday . The stock had previously closed at $55.00, but opened at $61.6450. Aperam shares last traded at $61.6450, with a volume of 345 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on APEMY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research note on Thursday, May 14th. Zacks Research raised shares of Aperam from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Finally, Citigroup reissued a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Aperam Stock Performance

The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $49.18 and a two-hundred day moving average of $44.77. The company has a market capitalization of $4.51 billion, a PE ratio of 134.01 and a beta of 1.32.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Aperam had a net margin of 0.49% and a return on equity of 0.94%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Research analysts anticipate that Aperam will post 2.3 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.