Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Here’s What Happened

Shares of Acerinox (OTCMKTS:ANIOY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.73, but opened at $9.28. Acerinox shares last traded at $9.28, with a volume of 657 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ANIOY. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a report on Wednesday, May 20th. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Finally, Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Acerinox Stock Performance

The firm has a market cap of $4.63 billion, a P/E ratio of -92.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89. The firm has a fifty day moving average of $8.93 and a 200-day moving average of $7.93.

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