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Aperam (OTCMKTS:APEMY) Sees Strong Trading Volume - Here's Why

Aperam logo with Basic Materials background

Shares of Aperam (OTCMKTS:APEMY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 852 shares traded hands during mid-day trading, an increase of 30% from the previous session's volume of 657 shares.The stock last traded at $31.02 and had previously closed at $30.20.

Wall Street Analyst Weigh In

Separately, BNP Paribas cut shares of Aperam from a "strong-buy" rating to a "neutral" rating in a report on Monday, April 7th.

Get Our Latest Stock Analysis on APEMY

Aperam Stock Performance

The stock's fifty day moving average price is $30.11 and its 200 day moving average price is $29.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.82 and a quick ratio of 0.56. The stock has a market capitalization of $2.30 billion, a P/E ratio of 8.99 and a beta of 1.36.

Aperam (OTCMKTS:APEMY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.11). The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.41 billion. Aperam had a return on equity of 2.93% and a net margin of 3.79%. Research analysts forecast that Aperam will post 2.84 earnings per share for the current year.

Aperam Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 19th were paid a $0.444 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend was Friday, May 16th. Aperam's dividend payout ratio (DPR) is presently 54.15%.

Aperam Company Profile

(Get Free Report)

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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