Aperam (OTCMKTS:APEMY) Shares Gap Down - What's Next?

Key Points

• Aperam shares gapped down significantly from a previous closing price of $33.30 to open at $31.13, reflecting a 6.5% decline.
• The company missed earnings expectations with reported EPS of $0.09 compared to the consensus estimate of $0.20, although revenue of $1.74 billion exceeded expectations.
• Aperam recently cut its dividend to $0.444 per share, yielding 5.9%, with a payout ratio of 54.15%.

Aperam (OTCMKTS:APEMY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $33.30, but opened at $31.13. Aperam shares last traded at $31.13, with a volume of 224 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APEMY. Jefferies Financial Group cut Aperam from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. BNP Paribas cut shares of Aperam from a "strong-buy" rating to a "neutral" rating in a research note on Monday, April 7th.

Aperam Stock Down 6.5%

The company has a quick ratio of 0.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 8.92 and a beta of 1.36. The stock has a fifty day moving average price of $31.32 and a two-hundred day moving average price of $30.39.

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 analyst estimates of $1.41 billion. Aperam had a net margin of 3.79% and a return on equity of 2.93%. As a group, sell-side analysts expect that Aperam will post 2.84 EPS for the current year.

Aperam Cuts Dividend

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

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.