Aperam (OTCMKTS:APEMY) Shares Gap Down - Here's What Happened

Key Points

• Aperam shares gapped down about 10.3%, opening at $37.33 after a prior close of $41.62 with only 138 shares changing hands in the early move.
• The stock's analyst consensus is an average "Hold" (2 Buys, 5 Holds) following mixed notes from Citi, Deutsche Bank, Morgan Stanley and a Zacks downgrade.
• Aperam beat quarterly EPS ($0.46 vs $0.33 est.) but missed revenue ($1.58B vs $1.69B), with slim profitability (net margin 0.17%, ROE 1.05%) and a high trailing P/E of 233.33 on a $2.73B market cap.

Shares of Aperam (OTCMKTS:APEMY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $41.62, but opened at $37.33. Aperam shares last traded at $37.33, with a volume of 138 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup reissued a "neutral" rating on shares of Aperam in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Aperam in a research note on Monday, February 9th. Zacks Research downgraded shares of Aperam from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 17th. Morgan Stanley reissued an "overweight" rating on shares of Aperam in a report on Thursday, February 19th. Finally, Oddo Bhf cut shares of Aperam to a "neutral" rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Aperam presently has an average rating of "Hold".

Aperam Stock Down 10.3%

The firm has a 50 day moving average price of $44.99 and a 200-day moving average price of $40.14. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 233.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82.

Aperam (OTCMKTS:APEMY - Get Free Report) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.69 billion. As a group, equities analysts predict that Aperam will post 2.84 EPS for the current fiscal year.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.

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