Acerinox (OTCMKTS:ANIOY) Shares Gap Down – Time to Sell?
by Jessica Moore · The Cerbat GemAcerinox (OTCMKTS:ANIOY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.94, but opened at $7.58. Acerinox shares last traded at $7.58, with a volume of 1,000 shares traded.
Analyst Ratings Changes
A number of equities analysts recently weighed in on ANIOY shares. Zacks Research downgraded shares of Acerinox from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Acerinox currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Acerinox
Acerinox Stock Performance
The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91. The stock’s 50-day simple moving average is $7.42 and its 200 day simple moving average is $7.12. The stock has a market capitalization of $3.78 billion, a P/E ratio of -84.21 and a beta of 1.09.
Acerinox (OTCMKTS:ANIOY – Get Free Report) last announced its earnings results on Friday, February 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.17). The business had revenue of $1.52 billion during the quarter. Acerinox had a negative net margin of 0.72% and a negative return on equity of 1.92%. Research analysts expect that Acerinox will post 0.53 EPS for the current fiscal year.
Acerinox Company Profile
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.