Zacks Investment Research upgraded shares of ACERINOX SA/ADR (OTCMKTS:ANIOY) from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “Acerinox, S.A. is engaged in production and selling stainless steel. The Company also offers slabs, billets, black coils, sheets, angles and bars. It operates primarily in Spain, USA, South Africa and Malaysia. Acerinox, S.A. is headquartered in Madrid, Spain. “

OTCMKTS ANIOY opened at $4.55 on Wednesday. ACERINOX SA/ADR has a 52 week low of $4.46 and a 52 week high of $7.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.15 and a current ratio of 1.96. The business’s fifty day moving average is $4.72. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 8.92 and a beta of 1.25.

ACERINOX SA/ADR (OTCMKTS:ANIOY) last posted its quarterly earnings results on Monday, May 13th. The company reported $0.07 EPS for the quarter. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, equities research analysts expect that ACERINOX SA/ADR will post 0.37 earnings per share for the current fiscal year.

About ACERINOX SA/ADR

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, and rest of Europe. The company's Flat Products segment offers slabs, flats, coils, plates, sheets, circles, and flat bars. Its Long Products segment provides bars, angles, wires, and wire rods.

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