Aperam (OTCMKTS:APEMY) Trading 15.3% Higher - Here's What Happened

Key Points

• Aperam shares jumped 15.3% to $46.11 on Monday, but the surge happened on very light trading—only 261 shares traded, a 92% decline from average volume.
• Analyst sentiment is mixed with two "Buy" and four "Hold" ratings (consensus: Hold), although recent reports from Deutsche Bank and Morgan Stanley have been positive.
• The company beat EPS estimates for the quarter ($0.46 vs. $0.33) but missed revenue expectations, and the stock carries a high PE of 288.19 with a market cap around $3.37 billion.

Aperam (OTCMKTS:APEMY - Get Free Report) shares traded up 15.3% during mid-day trading on Monday . The stock traded as high as $46.1070 and last traded at $46.1070. 261 shares traded hands during trading, a decline of 92% from the average session volume of 3,139 shares. The stock had previously closed at $39.99.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Aperam in a report on Monday, February 9th. Citigroup restated a "neutral" rating on shares of Aperam in a report on Thursday, January 22nd. Oddo Bhf downgraded shares of Aperam to a "neutral" rating in a report on Wednesday, January 14th. Morgan Stanley restated an "overweight" rating on shares of Aperam in a report on Thursday, February 19th. Finally, Zacks Research downgraded shares of Aperam from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold".

Aperam Trading Up 3.6%

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 stock has a 50-day moving average of $44.53 and a 200 day moving average of $40.82. The stock has a market cap of $3.37 billion, a PE ratio of 288.19 and a beta of 1.18.

Aperam (OTCMKTS:APEMY - Get Free Report) last released its quarterly earnings data on Friday, February 6th. The company reported $0.46 EPS for the quarter, topping 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 business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.69 billion. As a group, sell-side analysts anticipate that Aperam will post 2.84 earnings per share 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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