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Aperam (OTCMKTS:APEMY) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Aperam logo with Basic Materials background

Aperam S.A. (OTCMKTS:APEMY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $31.21 and traded as low as $29.59. Aperam shares last traded at $29.59, with a volume of 619 shares.

Wall Street Analyst Weigh In

Separately, BNP Paribas downgraded shares of Aperam from a "strong-buy" rating to a "neutral" rating in a research report on Monday, April 7th.

Get Our Latest Stock Report on Aperam

Aperam Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.82 and a quick ratio of 0.56. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 8.57 and a beta of 1.45. The firm's 50-day simple moving average is $31.25 and its 200 day simple moving average is $29.13.

Aperam (OTCMKTS:APEMY - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.18 earnings per share for the quarter. Aperam had a return on equity of 2.02% and a net margin of 3.73%. Equities analysts expect that Aperam S.A. will post 2.84 earnings per share for the current year.

Aperam Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.5224 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Aperam's previous quarterly dividend of $0.46. This represents a $2.09 annualized dividend and a yield of 7.05%. Aperam's dividend payout ratio (DPR) is currently 51.16%.

Aperam Company Profile

(Get Free Report)

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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