Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Still a Buy?

Acerinox (OTCMKTS:ANIOY) shares gapped up before the market opened on Thursday . The stock had previously closed at $6.6550, but opened at $7.33. Acerinox shares last traded at $7.33, with a volume of 100 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ANIOY. Citigroup restated a “buy” rating on shares of Acerinox in a research report on Thursday, January 22nd. Zacks Research lowered shares of Acerinox from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Acerinox Stock Performance

The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -81.44 and a beta of 1.03. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $7.50 and a 200 day simple moving average of $6.98.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, February 27th. The company reported ($0.11) earnings per share 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 net margin of 0.72% and a negative return on equity of 1.92%. As a group, equities research analysts forecast that Acerinox will post 0.48 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.