Aperam (OTCMKTS:APEMY) Rating Lowered to “Strong Sell” at Zacks Research

Aperam (OTCMKTS:APEMY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently commented on APEMY. Citigroup reiterated a “neutral” rating on shares of Aperam in a research note on Friday, April 17th. Oddo Bhf cut shares of Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Morgan Stanley reiterated an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group upgraded shares of Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Aperam Stock Performance

Shares of OTCMKTS:APEMY remained flat at $48.00 during midday trading on Thursday. The firm has a market capitalization of $3.51 billion, a PE ratio of 300.02 and a beta of 1.24. The stock has a 50-day moving average price of $44.46 and a 200-day moving average price of $41.97. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. Aperam has a 1 year low of $28.95 and a 1 year high of $54.50.

Aperam (OTCMKTS:APEMY) last issued its earnings results on Thursday, April 30th. The company reported $0.05 earnings per share 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 analysts’ expectations of $1.82 billion. Aperam had a net margin of 0.49% and a return on equity of 0.94%. On average, equities research analysts expect that Aperam will post 1.83 earnings per share 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.