Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Time to Buy?

Acerinox (OTCMKTS:ANIOY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $6.6550, but opened at $7.33. Acerinox shares last traded at $7.33, with a volume of 100 shares traded.

Analysts Set New Price Targets

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

Acerinox Stock Performance

The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -81.44 and a beta of 1.03. The firm’s 50-day moving average is $7.48 and its two-hundred day moving average is $6.99. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.63.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings data on Friday, February 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.17). Acerinox had a negative return on equity of 1.92% and a negative net margin of 0.72%.The firm had revenue of $1.52 billion during the quarter. As a group, sell-side analysts expect that Acerinox will post 0.48 earnings per share for the current year.

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.