Acerinox (OTCMKTS:ANIOY – Get Free Report) reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $10.22 and last traded at $10.22, with a volume of 12020 shares trading hands. The stock had previously closed at $9.37.
The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.
Wall Street Analysts Forecast Growth
ANIOY has been the topic of several recent analyst reports. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Citigroup restated a “buy” rating on shares of Acerinox in a report on Monday, July 13th. Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group upgraded shares of Acerinox to a “strong-buy” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Acerinox Trading Up 7.9%
The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63. The firm’s 50 day simple moving average is $9.15 and its 200-day simple moving average is $8.13. The company has a market capitalization of $5.04 billion, a PE ratio of -101.09 and a beta of 1.13.
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.
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