Acerinox (OTCMKTS:ANIOY) Shares Gap Up After Better-Than-Expected Earnings

Acerinox (OTCMKTS:ANIOY) gapped up prior to trading on Monday following a stronger than expected earnings report. The stock had previously closed at $9.37, but opened at $10.1710. Acerinox shares last traded at $10.1710, with a volume of 163 shares.

The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.76 billion. Acerinox had a return on equity of 2.65% and a net margin of 0.95%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ANIOY shares. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Acerinox in a report on Monday. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Citigroup restated a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Acerinox currently has an average rating of “Moderate Buy”.

Acerinox Stock Up 8.5%

The business’s fifty day moving average price is $9.19 and its 200 day moving average price is $8.15. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 78.24 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.

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.