Acerinox (OTCMKTS:ANIOY) Trading Up 8.5% – Should You Buy?
by Doug Wharley · The Cerbat GemAcerinox (OTCMKTS:ANIOY – Get Free Report) shares were up 8.5% on Thursday . The stock traded as high as $7.68 and last traded at $7.68. Approximately 2,077 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 8,544 shares. The stock had previously closed at $7.08.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on ANIOY shares. Zacks Research downgraded shares of Acerinox from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Citigroup reissued a “buy” rating on shares of Acerinox in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Acerinox presently has a consensus rating of “Hold”.
Get Our Latest Research Report on ANIOY
Acerinox Price Performance
The company’s fifty day moving average price is $7.39 and its 200 day moving average price is $7.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -88.28 and a beta of 1.09.
Acerinox (OTCMKTS:ANIOY – Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.17). Acerinox had a negative net margin of 0.72% and a negative return on equity of 1.92%. The business had revenue of $1.52 billion during the quarter. Equities research analysts expect that Acerinox will post 0.48 earnings per share for the current year.
About Acerinox
Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.
The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.