Aperam (OTCMKTS:APEMY) Hits New 12-Month High - Time to Buy?

Key Points

• Aperam's stock price reached a new 52-week high of $35.75, reflecting a significant increase from its previous close of $32.57.
• Brokerages have adjusted their ratings on Aperam, with Zacks upgrading it to "hold" while Jefferies downgraded it to "hold," indicating mixed sentiment among analysts.
• The company recently declared a dividend of $0.444 per share, yielding an impressive 571.0%, with a payout ratio of 68.17%.

Aperam (OTCMKTS:APEMY - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $35.75 and last traded at $35.75, with a volume of 120 shares trading hands. The stock had previously closed at $32.57.

Analysts Set New Price Targets

Several brokerages have commented on APEMY. Zacks Research upgraded shares of Aperam from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Jefferies Financial Group downgraded shares of Aperam from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

Aperam Stock Up 12.5%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.47 and a current ratio of 1.40. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 12.67 and a beta of 1.39. The firm has a fifty day simple moving average of $30.95 and a 200-day simple moving average of $30.91.

Aperam (OTCMKTS:APEMY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.10). The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.71 billion. Aperam had a return on equity of 1.72% and a net margin of 3.11%. As a group, sell-side analysts expect that Aperam will post 2.84 EPS for the current year.

Aperam Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, September 11th. Stockholders of record on Monday, August 18th were issued a dividend of $0.444 per share. This represents a dividend yield of 571.0%. The ex-dividend date was Friday, August 15th. Aperam's payout ratio is 68.17%.

Aperam Company Profile

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.

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