Aperam (OTCMKTS:APEMY) Stock Bumped Down to “Hold” by Zacks Research

Zacks Research downgraded shares of Aperam (OTCMKTS:APEMY) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks reports.

A number of other equities analysts also recently issued reports on the company. BNP Paribas Exane downgraded Aperam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Aperam Trading Up 1.8%

OTCMKTS:APEMY opened at $43.70 on Monday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 21.63 and a beta of 1.34. Aperam has a 52 week low of $35.30 and a 52 week high of $61.65. The company has a quick ratio of 0.55, a current ratio of 1.63 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $52.10 and a 200 day moving average of $52.27.

About Aperam

Aperam SA is a Luxembourg-based producer of stainless, specialty and electrical steels. The company manufactures a broad range of flat and long steel products, including stainless steel coils, sheets, plates and bars, as well as specialty alloys and electrical steel used in industrial, energy, automotive, construction, consumer and other applications.

Aperam also provides processing, distribution and technical services through its Services and Solutions activities. Its Alloys and Specialties business develops nickel-based alloys and other high-performance materials for demanding uses, while its recycling operations support the collection and processing of stainless steel and other recyclable metals.

The company was established in 2011 following the spin-off of ArcelorMittal’s stainless steel activities.