Aperam (OTCMKTS:APEMY) Given Average Rating of “Moderate Buy” by Brokerages

Aperam (OTCMKTS:APEMY) has earned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several brokerages recently weighed in on APEMY. Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Zacks Research raised shares of Aperam from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a report on Thursday, May 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a report on Thursday, February 19th.

Aperam Price Performance

Aperam stock opened at $59.43 on Friday. The firm has a market cap of $4.35 billion, a PE ratio of 129.20 and a beta of 1.32. Aperam has a 52-week low of $29.17 and a 52-week high of $61.65. 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 company’s 50 day moving average is $54.04 and its two-hundred day moving average is $46.73.

Aperam (OTCMKTS:APEMY) last released its earnings results 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). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.82 billion. Aperam had a return on equity of 0.94% and a net margin of 0.49%. On average, research analysts expect that Aperam will post 2.3 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.