Aperam (OTCMKTS:APEMY) Announces Earnings Results

Aperam (OTCMKTS:APEMY) posted its quarterly earnings data on Thursday. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.64 by $0.37, Zacks reports. Aperam had a return on equity of 0.94% and a net margin of 0.49%.

Aperam Price Performance

Shares of APEMY traded up $3.40 during midday trading on Friday, hitting $53.71. 561 shares of the company traded hands, compared to its average volume of 2,372. The firm has a 50 day moving average of $55.41 and a 200-day moving average of $49.54. Aperam has a 52 week low of $29.17 and a 52 week high of $61.65. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 116.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group upgraded Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Zacks Research upgraded shares of Aperam from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. BNP Paribas Exane downgraded shares of Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Citigroup reiterated a “neutral” rating on shares of Aperam in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.