Acerinox (ANIOY) Projected to Post Quarterly Earnings on Friday

Acerinox (OTCMKTS:ANIOY) will likely be releasing its resultson Friday, October 30th. Analysts expect the company to post earnings of $0.2062 per share and revenue of $1.87 billion for the quarter.

Acerinox Price Performance

Shares of OTCMKTS ANIOY opened at $9.42 on Thursday. Acerinox has a 52 week low of $6.22 and a 52 week high of $10.74. The business’s 50 day moving average price is $9.83 and its 200 day moving average price is $8.76. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60. The firm has a market cap of $4.70 billion, a P/E ratio of 72.46 and a beta of 1.08.

Analyst Ratings Changes

A number of equities analysts have issued reports on ANIOY shares. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Acerinox in a report on Friday, September 4th. Finally, Citigroup restated a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Acerinox

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.