Aperam (OTCMKTS:APEMY) Upgraded to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Aperam's rating from a "strong sell" to a "hold", while Jefferies Financial Group downgraded it from "buy" to "hold".
• Aperam's stock performance shows a current price of $30.00 with a 12-month low of $25.34 and a high of $35.75.
• The company reported earnings of $0.28 EPS, missing estimates by $0.10, while revenue for the quarter was $1.89 billion, exceeding expectations.

Zacks Research upgraded shares of Aperam (OTCMKTS:APEMY - Free Report) from a strong sell rating to a hold rating in a research note published on Monday, September 8th,Zacks.com reports.

Separately, Jefferies Financial Group downgraded shares of Aperam from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

Aperam Stock Performance

Shares of OTCMKTS:APEMY remained flat at $30.00 on Monday. 28 shares of the stock traded hands, compared to its average volume of 91. Aperam has a 1-year low of $25.34 and a 1-year high of $35.75. The stock has a fifty day moving average price of $30.99 and a 200 day moving average price of $31.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 0.43. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 10.38 and a beta of 1.39.

Aperam (OTCMKTS:APEMY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.28 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 company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.71 billion. On average, equities analysts predict that Aperam will post 2.84 EPS for the current fiscal year.

Aperam Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 11th. Investors 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 currently 68.17%.

About Aperam

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.