Aperam (OTCMKTS:APEMY) Cut to “Hold” at Zacks Research

Aperam (OTCMKTS:APEMY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a report on Friday, September 4th. BNP Paribas Exane cut Aperam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Aperam Price Performance

APEMY stock opened at $43.70 on Monday. The firm has a 50 day simple moving average of $52.10 and a two-hundred day simple moving average of $52.27. The stock has a market cap of $3.20 billion, a PE ratio of 36.08 and a beta of 1.34. Aperam has a one year low of $35.30 and a one year high of $61.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 0.55.

About Aperam

Aperam SA is a Luxembourg-based producer of stainless, specialty and electrical steels. The company manufactures a broad range of flat and long steel products, including stainless steel coils, sheets, plates and bars, as well as specialty alloys and electrical steel used in industrial, energy, automotive, construction, consumer and other applications.

Aperam also provides processing, distribution and technical services through its Services and Solutions activities. Its Alloys and Specialties business develops nickel-based alloys and other high-performance materials for demanding uses, while its recycling operations support the collection and processing of stainless steel and other recyclable metals.

The company was established in 2011 following the spin-off of ArcelorMittal’s stainless steel activities.