Acerinox (OTCMKTS:ANIOY) Announces Earnings Results

Acerinox (OTCMKTS:ANIOY) issued its earnings results on Friday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04, Zacks reports. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%.

Acerinox Stock Up 9.3%

Shares of Acerinox stock traded up $0.87 on Friday, hitting $10.24. The company had a trading volume of 13,900 shares, compared to its average volume of 5,058. The stock has a 50-day moving average of $9.15 and a 200-day moving average of $8.13. Acerinox has a twelve month low of $5.87 and a twelve month high of $10.24. The firm has a market capitalization of $5.11 billion, a P/E ratio of -102.39 and a beta of 1.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Zacks Research upgraded shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Acerinox presently has a consensus rating of “Moderate Buy”.

Acerinox Company Profile

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.