Aperam (OTCMKTS:APEMY) Upgraded at Zacks Research

Zacks Research upgraded shares of Aperam (OTCMKTS:APEMY) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on the company. Citigroup reissued a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. Jefferies Financial Group raised Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Finally, BNP Paribas Exane cut shares of Aperam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Aperam Price Performance

Aperam stock opened at $54.06 on Wednesday. The company’s 50-day moving average price is $55.59 and its two-hundred day moving average price is $48.71. 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 stock has a market cap of $3.96 billion, a P/E ratio of 117.52 and a beta of 1.36. Aperam has a twelve month low of $29.17 and a twelve month high of $61.65.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Aperam had a return on equity of 0.94% and a net margin of 0.49%.The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.82 billion. As a group, analysts expect that Aperam will post 2.58 EPS for the current 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.