Acerinox (OTCMKTS:ANIOY) Shares Gap Down – Should You Sell?

Acerinox (OTCMKTS:ANIOY) gapped down prior to trading on Monday . The stock had previously closed at $7.02, but opened at $6.74. Acerinox shares last traded at $6.86, with a volume of 317 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup reissued a “buy” rating on shares of Acerinox in a research report on Thursday, January 22nd. Zacks Research downgraded Acerinox from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Acerinox Price Performance

The company’s 50-day simple moving average is $7.48 and its 200 day simple moving average is $7.00. The company has a market capitalization of $3.41 billion, a P/E ratio of -75.99 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63.

Acerinox (OTCMKTS:ANIOY) last released its quarterly earnings results on Friday, February 27th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter. As a group, sell-side analysts expect that Acerinox will post 0.48 earnings per share for the current fiscal 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.