Acerinox (OTCMKTS:ANIOY – Get Free Report) gapped up before the market opened on Monday following a stronger than expected earnings report. The stock had previously closed at $9.37, but opened at $10.1710. Acerinox shares last traded at $10.1710, with a volume of 163 shares traded.
The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Acerinox had a return on equity of 2.65% and a net margin of 0.95%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.76 billion.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ANIOY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a research report on Monday. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Citigroup restated a “buy” rating on shares of Acerinox in a report on Monday, July 13th. Finally, Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
Acerinox Price Performance
The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 78.24 and a beta of 1.13. The business’s 50-day simple moving average is $9.23 and its two-hundred day simple moving average is $8.17. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.
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.
See Also
- Five stocks we like better than Acerinox
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Receive News & Ratings for Acerinox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acerinox and related companies with MarketBeat.com's FREE daily email newsletter.
