Acerinox (OTCMKTS:ANIOY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Acerinox (OTCMKTS:ANIOY) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

Several research analysts have recently weighed in on ANIOY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. Citigroup reissued a “buy” rating on shares of Acerinox in a research note on Monday. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a report on Monday. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Finally, Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st.

Acerinox Trading Up 0.7%

Shares of Acerinox stock opened at $9.36 on Wednesday. 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 firm has a fifty day moving average price of $9.02 and a 200 day moving average price of $8.00. Acerinox has a 1 year low of $5.87 and a 1 year high of $9.85. The stock has a market cap of $4.67 billion, a PE ratio of -93.59 and a beta of 1.13.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings results 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 company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. Equities research analysts predict that Acerinox will post 0.53 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.