Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Here’s Why
by Mitch Edgeman · The Markets DailyAcerinox (OTCMKTS:ANIOY – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $7.67, but opened at $7.94. Acerinox shares last traded at $7.94, with a volume of 582 shares traded.
Analyst Upgrades and Downgrades
ANIOY has been the subject of several analyst reports. Zacks Research downgraded shares of Acerinox from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Citigroup restated a “buy” rating on shares of Acerinox in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on ANIOY
Acerinox Stock Down 4.5%
The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -84.21 and a beta of 1.09. The stock’s 50 day moving average is $7.42 and its 200 day moving average is $7.12. 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 – Get Free Report) last released its 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 return on equity of 1.92% and a negative net margin of 0.72%.The firm had revenue of $1.52 billion during the quarter. Analysts forecast 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.