Aperam (OTCMKTS:APEMY) Shares Gap Up – Still a Buy?

Aperam (OTCMKTS:APEMY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $55.1495, but opened at $61.00. Aperam shares last traded at $61.00, with a volume of 1,012 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a report on Thursday, May 14th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research raised shares of Aperam from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Aperam Trading Up 10.9%

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 firm has a market cap of $4.46 billion, a P/E ratio of 132.61 and a beta of 1.24. The company’s 50 day simple moving average is $46.97 and its 200-day simple moving average is $43.96.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings data 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 firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.82 billion. Aperam had a return on equity of 0.94% and a net margin of 0.49%. As a group, research analysts predict that Aperam will post 2.3 earnings per share for the current fiscal 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.