Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Here’s What Happened

Acerinox (OTCMKTS:ANIOY) shares gapped up before the market opened on Monday . The stock had previously closed at $9.83, but opened at $10.18. Acerinox shares last traded at $10.18, with a volume of 167 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ANIOY shares. Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Monday, July 13th. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a report on Monday, July 13th. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Acerinox has a consensus rating of “Moderate Buy”.

Acerinox Stock Up 3.6%

The company has a market cap of $5.08 billion, a price-to-earnings ratio of 78.31 and a beta of 1.11. The firm’s 50 day simple moving average is $9.67 and its 200 day simple moving average is $8.53. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $3.51 billion. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. Sell-side analysts anticipate that Acerinox will post 0.51 EPS 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.