Aperam (OTCMKTS:APEMY) Shares Gap Up – Time to Buy?

Aperam (OTCMKTS:APEMY) gapped up before the market opened on Friday . The stock had previously closed at $44.52, but opened at $50.00. Aperam shares last traded at $50.00, with a volume of 357 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APEMY. Oddo Bhf downgraded Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Jefferies Financial Group raised Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Citigroup reissued a “neutral” rating on shares of Aperam in a research note on Friday. Finally, Zacks Research lowered Aperam from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Aperam Trading Up 8.4%

The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $44.78 and a 200 day moving average price of $41.26. The stock has a market capitalization of $3.66 billion, a PE ratio of 312.52 and a beta of 1.18.

Aperam (OTCMKTS:APEMY) last announced its earnings results on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.69 billion. Equities analysts expect 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.