Acerinox (OTCMKTS:ANIOY) Sees Strong Trading Volume – Still a Buy?

Acerinox (OTCMKTS:ANIOY) saw strong trading volume on Wednesday . 33,458 shares changed hands during trading, an increase of 613% from the previous session’s volume of 4,693 shares.The stock last traded at $10.12 and had previously closed at $10.35.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup reiterated a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a report on Monday, July 27th. Finally, BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. 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. According to MarketBeat, Acerinox has a consensus rating of “Moderate Buy”.

Acerinox Stock Down 6.8%

The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $4.90 billion, a PE ratio of 75.62 and a beta of 1.11. The firm’s fifty day moving average is $9.67 and its 200-day moving average is $8.52.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Acerinox had a return on equity of 2.59% and a net margin of 0.95%.The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $3.51 billion. On average, equities research analysts predict that Acerinox will post 0.51 earnings per share for the current year.

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.