Acerinox (OTCMKTS:ANIOY) Shares Gap Up on Strong Earnings

Acerinox (OTCMKTS:ANIOY)’s share price gapped up before the market opened on Monday following a stronger than expected earnings report. The stock had previously closed at $9.37, but opened at $10.1710. Acerinox shares last traded at $10.1710, with a volume of 163 shares changing hands.

The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Acerinox had a net margin of 0.95% and a return on equity of 2.65%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.76 billion.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. BNP Paribas Exane cut Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a research report on Monday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. One equities research 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 stock. Based on data from MarketBeat.com, Acerinox presently has a consensus rating of “Moderate Buy”.

Acerinox Stock Performance

The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 78.24 and a beta of 1.13. The stock’s 50 day moving average price is $9.19 and its two-hundred day moving average price is $8.15. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

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.