Aperam (OTCMKTS:APEMY) Lowered to “Hold” Rating by Zacks Research

Aperam (OTCMKTS:APEMY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research note on Monday, February 9th. Citigroup restated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Oddo Bhf cut Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Aperam Stock Down 1.5%

APEMY opened at $39.18 on Tuesday. The firm has a market cap of $2.87 billion, a P/E ratio of 244.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The business has a 50 day moving average price of $45.28 and a 200 day moving average price of $39.58. Aperam has a twelve month low of $25.97 and a twelve month high of $54.50.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.46 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 the consensus estimate of $1.69 billion. Research analysts forecast that Aperam will post 2.84 EPS for the current 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.