Aperam (OTCMKTS:APEMY) Stock Dropped to Strong Sell by Zacks Research

Zacks Research downgraded shares of Aperam (OTCMKTS:APEMY) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks reports.

Separately, Deutsche Bank reiterated a “buy” rating on shares of Aperam in a report on Friday, September 4th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Aperam currently has an average rating of “Hold”.

Aperam Price Performance

APEMY stock opened at $38.77 on Wednesday. The stock’s 50 day simple moving average is $46.04 and its 200 day simple moving average is $49.53. The company has a market cap of $2.84 billion, a P/E ratio of 15.82 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.55 and a current ratio of 1.63. Aperam has a fifty-two week low of $35.30 and a fifty-two week high of $61.65.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings data on Friday, November 6th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.31). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. Aperam had a net margin of 2.53% and a return on equity of 3.21%. On average, research analysts expect that Aperam will post 2.93 earnings per share for the current fiscal year.

Aperam Company Profile

Aperam is a global producer of stainless and specialty steels, serving customers in industries such as automotive, construction, consumer goods, energy and industrial equipment. Its products include stainless steel, electrical steel and specialty alloys designed for applications that require specific performance or corrosion resistance. The company also provides processing and distribution services, including solutions that tailor steel products to customer requirements. Through its recycling and renewables activities, Aperam collects and processes scrap and works to incorporate recycled materials into its operations.