Aperam (OTCMKTS:APEMY) Reaches New 12-Month High – Still a Buy?

Aperam (OTCMKTS:APEMY)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $43.00 and last traded at $43.00, with a volume of 190 shares changing hands. The stock had previously closed at $42.50.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on APEMY. Zacks Research raised shares of Aperam from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, January 9th. Citigroup reissued a “neutral” rating on shares of Aperam in a report on Thursday. Oddo Bhf lowered shares of Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley upgraded shares of Aperam from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aperam currently has a consensus rating of “Moderate Buy”.

Aperam Stock Up 1.2%

The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -358.30 and a beta of 1.08. The business’s 50 day moving average is $39.86 and its 200-day moving average is $35.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.47 and a current ratio of 1.40.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.33) earnings per share (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 for the quarter, compared to analysts’ expectations of $1.69 billion. On average, sell-side analysts predict that Aperam will post 2.84 EPS for the current fiscal year.

Aperam Company Profile

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.