Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Should You Buy?

Shares of Acerinox (OTCMKTS:ANIOY) gapped up prior to trading on Monday . The stock had previously closed at $9.83, but opened at $10.18. Acerinox shares last traded at $10.18, with a volume of 167 shares trading hands.

Analyst Ratings Changes

Several research firms recently commented on ANIOY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a report on Monday, July 27th. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Finally, Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Acerinox Price Performance

The company’s fifty day moving average is $9.68 and its two-hundred day moving average is $8.57. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 78.31 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Acerinox had a return on equity of 2.59% and a net margin of 0.95%.The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $3.51 billion. As a group, research analysts predict that Acerinox will post 0.51 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.