Acerinox (OTCMKTS:ANIOY) Reaches New 1-Year High – Time to Buy?

Acerinox (OTCMKTS:ANIOY) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $8.92 and last traded at $8.92, with a volume of 1218 shares trading hands. The stock had previously closed at $8.38.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Acerinox in a research note on Wednesday. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Acerinox Stock Up 1.5%

The company’s fifty day simple moving average is $7.64 and its 200-day simple moving average is $7.34. 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 market capitalization of $4.39 billion, a PE ratio of -88.09 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last released its quarterly earnings results on Friday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.58). Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $3.88 billion. On average, analysts forecast that Acerinox will post 0.53 EPS 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.