Aperam (OTCMKTS:APEMY) Shares Down 7.7% – Here’s Why

Aperam (OTCMKTS:APEMY) shares dropped 7.7% during trading on Tuesday . The stock traded as low as $38.4250 and last traded at $38.4250. Approximately 257 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 2,983 shares. The stock had previously closed at $41.62.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Oddo Bhf downgraded Aperam to a “neutral” rating in a report on Wednesday, January 14th. Citigroup restated a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research note on Monday, February 9th. Morgan Stanley reiterated an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Finally, Zacks Research cut shares of Aperam from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. 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, the company presently has an average rating of “Hold”.

Aperam Trading Up 2.9%

The stock has a 50-day moving average of $44.88 and a two-hundred day moving average of $40.19. The company has a market cap of $2.81 billion, a P/E ratio of 240.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15.

Aperam (OTCMKTS:APEMY) last released its earnings results on Friday, February 6th. The company reported $0.46 EPS for the quarter, topping 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 business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.69 billion. On average, equities research analysts predict that Aperam will post 2.84 earnings per share 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.