Acerinox (OTCMKTS:ANIOY) Sees Unusually-High Trading Volume – Should You Buy?

Acerinox (OTCMKTS:ANIOY) shares saw an uptick in trading volume on Monday. 152,287 shares traded hands during trading, an increase of 3,368% from the previous session’s volume of 4,391 shares. The stock last traded at $9.35 and had previously closed at $9.30.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Acerinox in a research note on Tuesday, September 15th. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Acerinox in a report on Friday, September 4th. Finally, Jefferies Financial Group upgraded shares of Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Acerinox Stock Up 0.6%

The business has a 50 day moving average of $9.98 and a 200 day moving average of $9.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 71.92 and a beta of 1.08.

Acerinox (OTCMKTS:ANIOY) last issued its earnings results on Friday, July 24th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $3.51 billion. On average, equities analysts anticipate that Acerinox will post 0.53 EPS for the current year.

Acerinox Company Profile

Acerinox, SA is a Spanish manufacturer of stainless steel and high-performance alloys. The company produces flat and long stainless-steel products, including sheets, coils, plates, bars, wire rod and wire, serving applications such as construction, transportation, energy, industrial equipment, food processing and household products.

Founded in 1970, Acerinox has developed an international production and distribution network. Its principal manufacturing operations have included facilities in Spain, the United States and South Africa, while its commercial network serves customers across Europe, the Americas, Africa and Asia.