Aperam (OTCMKTS:APEMY) Shares Gap Up - Still a Buy?

Key Points

• Aperam shares gapped up ~12.3%, opening at $50.00 from $44.52 and last trading at $50.00 on light volume (357 shares).
• Analysts are split but the consensus is a Moderate Buy (three Buy, three Hold), with recent notes ranging from Deutsche Bank's "buy" to Zacks downgrading to "hold."
• Fundamentals are mixed: Aperam beat quarterly EPS ($0.46 vs. $0.33) but missed revenue ($1.58B vs. $1.69B); the stock carries a very high P/E (~312.5), low net margin (0.17%) and a market cap of $3.66B.

Shares of Aperam (OTCMKTS:APEMY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $44.52, but opened at $50.00. Aperam shares last traded at $50.00, with a volume of 357 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on APEMY shares. Citigroup reiterated a "neutral" rating on shares of Aperam in a report on Thursday, January 22nd. Oddo Bhf cut shares of 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 report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Aperam in a research note on Tuesday. Finally, Zacks Research lowered Aperam from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Aperam Trading Up 12.3%

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 business's 50-day moving average is $44.75 and its two-hundred day moving average is $41.08. The firm has a market cap of $3.66 billion, a P/E ratio of 312.52 and a beta of 1.18.

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

Aperam Company Profile

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.