Aperam (OTCMKTS:APEMY) Sees Large Volume Increase - Here's What Happened

Key Points

• Aperam's shares experienced a significant increase in trading volume, with approximately 3,002 shares traded, marking a 439% rise from the previous day.
• The company reported earnings of $0.28 per share for the last quarter, missing analyst expectations of $0.38, despite revenue exceeding estimates at $1.89 billion.
• Aperam recently declared a dividend of $0.444 per share, translating to a remarkable yield of 571.0% for investors.

Shares of Aperam (OTCMKTS:APEMY - Get Free Report) saw an uptick in trading volume on Friday . 3,002 shares were traded during mid-day trading, an increase of 439% from the previous session's volume of 557 shares.The stock last traded at $32.30 and had previously closed at $32.02.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on APEMY shares. Jefferies Financial Group cut Aperam from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Zacks Research upgraded shares of 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, Based on data from MarketBeat, the company has an average rating of "Hold".

Aperam Stock Performance

The company has a quick ratio of 0.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 38.92 and a beta of 1.39. The stock's fifty day moving average is $30.83 and its 200-day moving average is $30.95.

Aperam (OTCMKTS:APEMY - Get Free Report) last announced its quarterly 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). Aperam had a return on equity of 1.72% and a net margin of 3.11%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.71 billion. On average, analysts forecast that Aperam will post 2.84 EPS for the current year.

Aperam Announces Dividend

The firm also recently disclosed 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.