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

Shares of Acerinox (OTCMKTS:ANIOYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $6.81, but opened at $7.08. Acerinox shares last traded at $7.08, with a volume of 130 shares traded.

Wall Street Analyst Weigh In

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

Get Our Latest Report on Acerinox

Acerinox Trading Up 0.4%

The business has a 50 day simple moving average of $7.39 and a 200-day simple moving average of $7.02. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -78.66 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91.

Acerinox (OTCMKTS:ANIOYGet Free Report) last released its quarterly earnings results on Friday, February 27th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.17). Acerinox had a negative return on equity of 1.92% and a negative net margin of 0.72%.The business had revenue of $1.52 billion for the quarter. As a group, equities analysts expect that Acerinox will post 0.48 earnings per share for the current year.

About Acerinox

(Get Free Report)

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.

Further Reading

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