Acerinox (OTCMKTS:ANIOY) Reaches New 1-Year High – Here’s What Happened

Acerinox (OTCMKTS:ANIOY) reached a new 52-week high on Thursday . The company traded as high as $8.00 and last traded at $8.00, with a volume of 575 shares trading hands. The stock had previously closed at $7.65.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “buy” rating on shares of Acerinox in a research note on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Acerinox has an average rating of “Moderate Buy”.

Acerinox Price Performance

The stock has a 50 day moving average price of $6.95 and a 200-day moving average price of $6.54. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 0.95. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 53.34 and a beta of 1.03.

Acerinox (OTCMKTS:ANIOY) last announced its earnings results on Friday, October 31st. The company reported $0.06 earnings per share (EPS) for the quarter. Acerinox had a net margin of 1.17% and a return on equity of 2.85%. The company had revenue of $1.65 billion for the quarter. On average, analysts forecast that Acerinox will post 0.48 earnings per share for the current 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.