Aperam (OTCMKTS:APEMY) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Aperam (OTCMKTS:APEMY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on APEMY. 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, February 9th. Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Aperam Price Performance

Shares of APEMY stock opened at $39.18 on Tuesday. Aperam has a 1 year low of $25.97 and a 1 year high of $54.50. The stock has a market cap of $2.87 billion, a PE ratio of 244.86 and a beta of 1.06. The business’s fifty day moving average is $45.22 and its 200-day moving average is $39.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.69 billion. Equities analysts expect that Aperam will post 2.84 earnings per share 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.