Aperam (OTCMKTS:APEMY) Shares Gap Up - Time to Buy?

Key Points

• Aperam's stock price gapped up from $30.00 to $32.02, indicating investor interest despite a mixed outlook from analysts.
• The company's latest quarterly earnings showed an EPS of $0.28, missing estimates, but it reported revenue of $1.89 billion, exceeding expectations.
• Aperam declared a substantial dividend of $0.444 per share, resulting in an impressive dividend yield of 571.0% based on reported information.

Aperam (OTCMKTS:APEMY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $30.00, but opened at $32.02. Aperam shares last traded at $32.02, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APEMY. Jefferies Financial Group lowered Aperam from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Zacks Research upgraded Aperam from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Aperam currently has a consensus rating of "Hold".

Aperam Stock Up 6.7%

The business has a 50-day moving average price of $30.82 and a two-hundred day moving average price of $30.99. 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 firm has a market cap of $2.34 billion, a PE ratio of 11.08 and a beta of 1.39.

Aperam (OTCMKTS:APEMY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.10). The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.71 billion. Aperam had a return on equity of 1.72% and a net margin of 3.11%. On average, equities research analysts expect that Aperam will post 2.84 EPS for the current year.

Aperam Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, September 11th. Investors of record on Monday, August 18th were issued a dividend of $0.444 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a dividend yield of 571.0%. Aperam's dividend payout ratio (DPR) is currently 68.17%.

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.

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