Aperam (OTCMKTS:APEMY) Cut to Hold at 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 morning,Zacks.com reports.

A number of other analysts have also recently commented on the company. Citigroup reiterated a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research note on Monday. 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. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Aperam Price Performance

APEMY stock opened at $51.95 on Monday. The stock’s 50 day moving average price is $42.01 and its 200 day moving average price is $36.78. The firm has a market cap of $3.80 billion, a P/E ratio of 324.71 and a beta of 1.10. 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 has a 1 year low of $25.97 and a 1 year high of $51.95.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.69 billion. On average, sell-side analysts expect that Aperam will post 2.84 earnings per share 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.