Acerinox (OTCMKTS:ANIOY) Upgraded to “Strong-Buy” at Jefferies Financial Group

Acerinox (OTCMKTS:ANIOY) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Acerinox in a report on Monday. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. Finally, BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Acerinox Price Performance

ANIOY stock opened at $9.36 on Monday. The stock’s 50 day moving average is $9.02 and its two-hundred day moving average is $8.00. Acerinox has a 52-week low of $5.87 and a 52-week high of $9.85. The company has a market capitalization of $4.67 billion, a PE ratio of -93.59 and a beta of 1.13. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63.

Acerinox (OTCMKTS:ANIOY) last released its earnings results on Friday, May 8th. The company reported $0.01 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. Analysts predict that Acerinox will post 0.53 earnings per share for the current fiscal 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.