Acerinox (OTCMKTS:ANIOY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Acerinox (OTCMKTS:ANIOY) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

ANIOY has been the subject of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. BNP Paribas Exane downgraded shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Citigroup reissued a “buy” rating on shares of Acerinox in a research report on Monday. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st.

Acerinox Stock Up 1.9%

ANIOY opened at $9.44 on Wednesday. The company has a market capitalization of $4.71 billion, a PE ratio of -94.39 and a beta of 1.13. Acerinox has a 52 week low of $5.87 and a 52 week high of $9.85. The firm has a 50-day simple moving average of $9.07 and a two-hundred day simple moving average of $8.04. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63.

Acerinox (OTCMKTS:ANIOY) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $3.88 billion. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%. Analysts forecast that Acerinox will post 0.49 earnings per share for the current fiscal year.

About Acerinox

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.