Aperam (OTCMKTS:APEMY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Aperam (OTCMKTS:APEMY) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

APEMY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. BNP Paribas Exane cut Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Citigroup restated a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Aperam Stock Up 7.4%

OTCMKTS APEMY opened at $54.06 on Wednesday. Aperam has a 1-year low of $29.17 and a 1-year high of $61.65. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 117.52 and a beta of 1.36. The stock’s 50 day moving average is $55.65 and its two-hundred day moving average is $48.67. 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 issued 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 company 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%. Equities analysts forecast that Aperam will post 2.58 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.