Acerinox (OTCMKTS:ANIOY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Acerinox (OTCMKTS:ANIOY) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities analysts recently commented on ANIOY shares. Citigroup reissued a “buy” rating on shares of Acerinox in a research note on Tuesday, September 15th. BNP Paribas Exane cut Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Acerinox in a research report on Friday, September 4th. Finally, Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research note on Monday, July 13th.

Acerinox Stock Down 0.6%

ANIOY opened at $9.25 on Friday. The firm has a 50-day simple moving average of $9.91 and a two-hundred day simple moving average of $9.30. Acerinox has a 52 week low of $6.22 and a 52 week high of $10.74. The company has a market capitalization of $4.61 billion, a PE ratio of 71.15 and a beta of 1.08. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60.

Acerinox (OTCMKTS:ANIOY) last issued its earnings results on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Analysts forecast that Acerinox will post 0.53 earnings per share for the current fiscal year.

About Acerinox

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.