Aperam (OTCMKTS:APEMY) Hits New 52-Week High - Here's Why

Key Points

• Aperam shares reached a new 52-week high at $37.90, marking a significant increase from a previous close of $32.57.
• The company's latest earnings report showed $0.28 earnings per share, missing estimates, although its revenue exceeded expectations at $1.89 billion.
• Aperam recently announced a $0.444 dividend per share, which represents a yield of 571.0% and a payout ratio of 68.17%.

Aperam (OTCMKTS:APEMY - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $37.90 and last traded at $37.90, with a volume of 760 shares. The stock had previously closed at $32.57.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APEMY. Jefferies Financial Group downgraded Aperam from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Zacks Research raised Aperam from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold".

Aperam Price Performance

The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 13.11 and a beta of 1.38. The company has a 50-day moving average of $32.88 and a 200-day moving average of $31.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.47 and a current ratio of 1.40.

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

Aperam Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.