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

Acerinox (OTCMKTS:ANIOY) shares gapped down before the market opened on Thursday . The stock had previously closed at $10.35, but opened at $9.83. Acerinox shares last traded at $9.83, with a volume of 305 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on ANIOY. Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a report on Monday, July 27th. Finally, Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Acerinox Price Performance

The firm’s 50-day moving average price is $9.67 and its 200 day moving average price is $8.53. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 75.62 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $3.51 billion. Acerinox had a net margin of 0.95% and a return on equity of 2.59%. On average, sell-side analysts forecast that Acerinox will post 0.51 EPS for the current fiscal 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.