Acerinox (OTCMKTS:ANIOY) Hits New 52-Week High – Should You Buy?

Shares of Acerinox (OTCMKTS:ANIOYGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $8.58 and last traded at $8.58, with a volume of 313 shares traded. The stock had previously closed at $8.16.

Analyst Ratings Changes

ANIOY has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Thursday, January 22nd. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Get Our Latest Research Report on Acerinox

Acerinox Stock Up 5.5%

The business has a fifty day simple moving average of $7.41 and a two-hundred day simple moving average of $7.18. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.28 billion, a PE ratio of -95.32 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOYGet Free Report) last announced its quarterly earnings data on Friday, February 27th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.17). The firm had revenue of $1.52 billion during the quarter. Acerinox had a negative net margin of 0.72% and a negative return on equity of 1.92%. As a group, equities research analysts predict that Acerinox will post 0.53 earnings per share for the current year.

Acerinox Company Profile

(Get Free Report)

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.

Further Reading

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