Acerinox (ANIOY) Set to Post Earnings on Friday

Acerinox (OTCMKTS:ANIOY) is projected to announce its resultson Friday, October 30th. Analysts expect Acerinox to announce earnings of $0.2062 per share and revenue of $1.87 billion for the quarter.

Acerinox Stock Performance

Shares of ANIOY opened at $9.42 on Wednesday. Acerinox has a 1-year low of $6.22 and a 1-year high of $10.74. The company’s fifty day simple moving average is $9.85 and its 200 day simple moving average is $8.75.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ANIOY. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Citigroup reiterated a “buy” rating on shares of Acerinox in a research note on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Acerinox in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.