Aperam (OTCMKTS:APEMY) Rating Lowered to Hold at Zacks Research

Aperam (OTCMKTS:APEMY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

APEMY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research note on Friday, September 4th. BNP Paribas Exane lowered Aperam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Aperam presently has a consensus rating of “Hold”.

Aperam Price Performance

Shares of OTCMKTS:APEMY opened at $43.70 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.63 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.20 billion, a PE ratio of 36.08 and a beta of 1.34. The company’s fifty day moving average is $52.10 and its 200 day moving average is $52.27. Aperam has a 52 week low of $35.30 and a 52 week high of $61.65.

Aperam Company Profile

Aperam SA is a Luxembourg-based producer of stainless, specialty and electrical steels. The company manufactures a broad range of flat and long steel products, including stainless steel coils, sheets, plates and bars, as well as specialty alloys and electrical steel used in industrial, energy, automotive, construction, consumer and other applications.

Aperam also provides processing, distribution and technical services through its Services and Solutions activities. Its Alloys and Specialties business develops nickel-based alloys and other high-performance materials for demanding uses, while its recycling operations support the collection and processing of stainless steel and other recyclable metals.

The company was established in 2011 following the spin-off of ArcelorMittal’s stainless steel activities.