Acerinox (OTCMKTS:ANIOY) Shares Gap Down – Here’s What Happened

Acerinox (OTCMKTS:ANIOYGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $7.02, but opened at $6.74. Acerinox shares last traded at $6.86, with a volume of 317 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ANIOY shares. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Thursday, January 22nd. Zacks Research downgraded Acerinox from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Check Out Our Latest Analysis on Acerinox

Acerinox Trading Up 5.0%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89. The firm has a market capitalization of $3.57 billion, a P/E ratio of -79.55 and a beta of 1.03. The firm has a 50 day simple moving average of $7.45 and a two-hundred day simple moving average of $7.01.

Acerinox (OTCMKTS:ANIOYGet Free Report) last announced its earnings results on Friday, February 27th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.17). Acerinox had a negative net margin of 0.72% and a negative return on equity of 1.92%. The firm had revenue of $1.52 billion during the quarter. Equities research analysts forecast that Acerinox will post 0.48 earnings per share for the current year.

About Acerinox

(Get Free Report)

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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