Aperam (OTCMKTS:APEMY) Shares Gap Up - Should You Buy?

Key Points

• Aperam shares gapped up, opening at $55.00 from a prior close of $48.51 (about a 13.4% move), but the jump occurred on very light volume (only 235 shares traded).
• Recent quarter showed an EPS miss — $0.05 vs. $0.12 estimate — though revenue slightly beat at $1.85B; profitability is low (net margin 0.49%, ROE 0.94%) while the stock trades at a high P/E of 119.57.
• Analyst sentiment is mixed, with three Buy, two Hold and one Sell rating and an average MarketBeat rating of "Hold," indicating no clear Wall Street consensus.

Aperam (OTCMKTS:APEMY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $48.51, but opened at $55.00. Aperam shares last traded at $55.00, with a volume of 235 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APEMY. Oddo Bhf cut Aperam to a "neutral" rating in a research note on Wednesday, January 14th. Morgan Stanley reiterated an "overweight" rating on shares of Aperam in a report on Thursday, February 19th. Citigroup reissued a "neutral" rating on shares of Aperam in a research note on Friday, April 17th. Zacks Research cut Aperam from a "hold" rating to a "strong sell" rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Aperam in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Aperam Stock Up 13.4%

The firm has a market cap of $4.03 billion, a PE ratio of 119.57 and a beta of 1.18. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $44.46 and a two-hundred day moving average price of $42.04.

Aperam (OTCMKTS:APEMY - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). Aperam had a return on equity of 0.94% and a net margin of 0.49%.The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, equities research analysts expect that Aperam will post 1.83 EPS for the current 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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