Acerinox (OTCMKTS:ANIOY) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Acerinox (OTCMKTS:ANIOY) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Citigroup reissued a “buy” rating on shares of Acerinox in a research note on Monday. Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Finally, Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Acerinox currently has an average rating of “Moderate Buy”.

Acerinox Price Performance

Shares of ANIOY stock opened at $9.36 on Monday. The stock has a 50 day moving average of $9.02 and a two-hundred day moving average of $8.00. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. Acerinox has a 12 month low of $5.87 and a 12 month high of $9.85. The company has a market capitalization of $4.67 billion, a P/E ratio of -93.59 and a beta of 1.13.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.58). The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $3.88 billion. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%. As a group, equities analysts expect that Acerinox will post 0.53 EPS 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.