Aperam (OTCMKTS:APEMY) Shares Gap Down – Time to Sell?

Aperam (OTCMKTS:APEMY) gapped down before the market opened on Friday . The stock had previously closed at $59.43, but opened at $50.31. Aperam shares last traded at $50.31, with a volume of 1,014 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APEMY shares. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research note on Thursday, May 14th. Jefferies Financial Group upgraded shares of Aperam from a “hold” rating to a “buy” rating in a research report on Wednesday, April 15th. Zacks Research upgraded Aperam from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, BNP Paribas Exane lowered shares of Aperam from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aperam has a consensus rating of “Hold”.

Aperam Stock Down 15.3%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The stock has a market cap of $3.68 billion, a P/E ratio of 109.37 and a beta of 1.31. The firm’s 50-day moving average is $55.88 and its two-hundred day moving average is $48.28.

Aperam (OTCMKTS:APEMY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Aperam had a net margin of 0.49% and a return on equity of 0.94%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.82 billion. On average, equities research analysts anticipate that Aperam will post 2.3 earnings per share for the current 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.