Aperam (OTCMKTS:APEMY) Sets New 12-Month High – Still a Buy?

Aperam (OTCMKTS:APEMY) reached a new 52-week high during trading on Tuesday . The company traded as high as $43.80 and last traded at $43.80, with a volume of 218 shares. The stock had previously closed at $43.00.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. Citigroup restated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Oddo Bhf downgraded Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Finally, Zacks Research raised Aperam from a “strong sell” rating to a “strong-buy” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Aperam Stock Up 1.2%

The company’s 50 day moving average price is $40.66 and its two-hundred day moving average price is $36.08. The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.18 billion, a P/E ratio of -362.47 and a beta of 1.08.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.34). The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Aperam had a positive return on equity of 0.47% and a negative net margin of 0.13%. Equities analysts forecast that Aperam will post 2.84 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.