Aperam (OTCMKTS:APEMY) Shares Gap Down – Here’s What Happened

Aperam (OTCMKTS:APEMY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $59.43, but opened at $50.31. Aperam shares last traded at $50.31, with a volume of 1,014 shares trading hands.

Analyst Ratings Changes

APEMY has been the topic of several recent analyst reports. Jefferies Financial Group raised Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Zacks Research raised Aperam from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Aperam in a research report on Wednesday, May 20th. BNP Paribas Exane downgraded Aperam from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Aperam Price Performance

The firm has a market capitalization of $3.68 billion, a P/E ratio of 109.37 and a beta of 1.36. The business’s fifty day moving average is $55.93 and its 200 day moving average is $48.29. The company has a current ratio of 3.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). The business had revenue of $1.85 billion during 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%. As a group, analysts forecast that Aperam will post 2.3 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.