Acerinox (OTCMKTS:ANIOY) Shares Gap Down – What’s Next?

Acerinox (OTCMKTS:ANIOY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $9.42, but opened at $8.8550. Acerinox shares last traded at $8.8340, with a volume of 393 shares traded.

Wall Street Analyst Weigh In

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

Acerinox Trading Down 6.3%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.65. The stock has a market capitalization of $4.41 billion, a P/E ratio of 32.72 and a beta of 1.07. The stock has a 50-day moving average price of $9.80 and a two-hundred day moving average price of $8.79.

Acerinox (OTCMKTS:ANIOY) last posted its earnings results on Friday, October 30th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. Acerinox had a net margin of 1.93% and a return on equity of 5.41%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. On average, research analysts forecast that Acerinox will post 0.53 EPS for the current fiscal year.

Acerinox Company Profile

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.