Acerinox (OTCMKTS:ANIOY – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04, Zacks reports. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.
Acerinox Price Performance
Shares of OTCMKTS:ANIOY traded up $0.87 during mid-day trading on Friday, reaching $10.24. The stock had a trading volume of 13,900 shares, compared to its average volume of 5,052. The business’s 50 day moving average price is $9.15 and its 200 day moving average price is $8.13. Acerinox has a 1 year low of $5.87 and a 1 year high of $10.24. The company has a market cap of $5.11 billion, a P/E ratio of -102.39 and a beta of 1.13. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ANIOY. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Monday, July 13th. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a report on Monday, July 13th. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Finally, BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Acerinox has an average rating of “Moderate Buy”.
Acerinox Company Profile
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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