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

Acerinox (OTCMKTS:ANIOY)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.79 and last traded at $9.79, with a volume of 593 shares traded. The stock had previously closed at $9.44.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a research report on Tuesday, May 19th. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Acerinox Trading Up 3.7%

The firm’s 50-day simple moving average is $8.30 and its 200-day simple moving average is $7.60. 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 has a market capitalization of $4.88 billion, a PE ratio of -97.89 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last posted 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 net margin of 0.79% and a negative return on equity of 2.11%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Equities analysts expect that Acerinox will post 0.53 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.