Acerinox (OTCMKTS:ANIOY) Hits New 52-Week High – Should You Buy?

Acerinox (OTCMKTS:ANIOYGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.58 and last traded at $8.58, with a volume of 313 shares. The stock had previously closed at $8.16.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on ANIOY

Acerinox Stock Up 5.5%

The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of -95.32 and a beta of 1.11. The business has a 50 day simple moving average of $7.41 and a 200-day simple moving average of $7.18. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89.

Acerinox (OTCMKTS:ANIOYGet Free Report) last issued its earnings results on Friday, February 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.17). The company had revenue of $1.52 billion during the quarter. Acerinox had a negative return on equity of 1.92% and a negative net margin of 0.72%. On average, equities analysts expect that Acerinox will post 0.53 EPS for the current year.

About Acerinox

(Get Free Report)

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.

Further Reading

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