Acerinox (OTCMKTS:ANIOY – Get Free Report) shares hit a new 52-week high during trading on Friday following a better than expected earnings announcement. The stock traded as high as $10.22 and last traded at $10.22, with a volume of 12020 shares traded. The stock had previously closed at $9.37.
The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on ANIOY shares. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Monday, July 13th. BNP Paribas Exane lowered Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. Finally, Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
Acerinox Price Performance
The company has a market capitalization of $5.11 billion, a P/E ratio of -102.39 and a beta of 1.13. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63. The business has a 50 day simple moving average of $9.19 and a 200-day simple moving average of $8.14.
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.
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