Aperam (OTCMKTS:APEMY) Shares Gap Up - Here's Why

Key Points

• Aperam gapped up pre-market from a $39.21 close to a $45.83 open and was last trading at $45.83 on volume of 18,707 shares.
• Analysts are mixed — two Buy ratings and four Hold ratings result in a consensus "Hold" on the stock.
• Quarterly results showed EPS of $0.46 beating the $0.33 estimate while revenue of $1.58 billion missed the $1.69 billion forecast; the shares trade at a high P/E of 286.46.

Aperam (OTCMKTS:APEMY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $39.21, but opened at $45.83. Aperam shares last traded at $45.83, with a volume of 18,707 shares traded.

Analysts Set New Price Targets

APEMY has been the topic of a number of recent analyst reports. Oddo Bhf cut Aperam to a "neutral" rating in a research report on Wednesday, January 14th. Morgan Stanley reiterated an "overweight" rating on shares of Aperam in a research report on Thursday, February 19th. Zacks Research cut Aperam from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 17th. Citigroup reiterated a "neutral" rating on shares of Aperam in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Aperam in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Aperam Stock Performance

The company has a market capitalization of $3.35 billion, a P/E ratio of 286.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82. The company has a fifty day moving average price of $44.44 and a two-hundred day moving average price of $40.56.

Aperam (OTCMKTS:APEMY - Get Free Report) last released its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.69 billion. Aperam had a return on equity of 1.05% and a net margin of 0.17%. Equities analysts forecast that Aperam will post 2.84 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.