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

Aperam (OTCMKTS:APEMY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $53.9336, but opened at $56.73. Aperam shares last traded at $57.17, with a volume of 200 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APEMY. Jefferies Financial Group upgraded shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. BNP Paribas Exane lowered shares of Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Zacks Research raised Aperam from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Citigroup reissued a “neutral” rating on shares of Aperam in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Aperam Price Performance

The stock has a market capitalization of $4.18 billion, a PE ratio of 28.30 and a beta of 1.34. The business’s 50-day moving average price is $54.67 and its 200 day moving average price is $50.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15.

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.