Acerinox (OTCMKTS:ANIOY) Reaches New 1-Year High – Time to Buy?

Acerinox (OTCMKTS:ANIOY)’s stock price hit a new 52-week high on Friday . The stock traded as high as $8.92 and last traded at $8.92, with a volume of 1218 shares changing hands. The stock had previously closed at $8.38.

Analyst Ratings Changes

Several research firms have recently issued reports on ANIOY. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Wednesday. Zacks Research upgraded shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a research report on Tuesday. 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 presently has a consensus rating of “Moderate Buy”.

Acerinox Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91. The firm has a market cap of $4.39 billion, a P/E ratio of -88.09 and a beta of 1.11. The stock’s 50-day simple moving average is $7.64 and its two-hundred day simple moving average is $7.34.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $3.88 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. Equities research analysts forecast that Acerinox will post 0.53 earnings per share for the current fiscal year.

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.