Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Still a Buy?

Acerinox (OTCMKTS:ANIOY) gapped up prior to trading on Tuesday . The stock had previously closed at $6.22, but opened at $6.5610. Acerinox shares last traded at $6.5610, with a volume of 321 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a research note on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Acerinox currently has an average rating of “Moderate Buy”.

Acerinox Stock Performance

The company’s 50 day moving average price is $6.47 and its 200-day moving average price is $6.11. The company has a market cap of $3.27 billion, a PE ratio of 34.53 and a beta of 1.26.

Acerinox (OTCMKTS:ANIOY) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.06 earnings per share (EPS) for the quarter. Acerinox had a net margin of 1.59% and a return on equity of 3.54%. The company had revenue of $1.65 billion during the quarter. Equities research analysts expect that Acerinox will post 0.48 EPS for the current year.

Acerinox Company Profile

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.