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

Aperam (OTCMKTS:APEMY) hit a new 52-week high on Saturday . The company traded as high as $54.50 and last traded at $54.50, with a volume of 16917 shares traded. The stock had previously closed at $51.75.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Citigroup reiterated a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Oddo Bhf lowered Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Zacks Research downgraded shares of Aperam from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research note on Monday, February 9th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Aperam Stock Up 5.3%

The company’s 50-day moving average price is $44.96 and its 200 day moving average price is $38.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The stock has a market cap of $3.99 billion, a PE ratio of 340.65 and a beta of 1.05.

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