Acerinox (OTCMKTS:ANIOY) Reaches New 1-Year High – Time to Buy?

Acerinox (OTCMKTS:ANIOYGet Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as $9.48 and last traded at $9.48, with a volume of 1437 shares changing hands. The stock had previously closed at $8.81.

Analyst Ratings Changes

Several research analysts have recently commented on ANIOY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a report on Tuesday, May 19th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a report on Wednesday, May 20th. Finally, Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on ANIOY

Acerinox Trading Up 7.6%

The company has a market cap of $4.73 billion, a price-to-earnings ratio of -94.79 and a beta of 1.11. The business’s fifty day moving average price is $7.81 and its 200 day moving average price is $7.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91.

Acerinox (OTCMKTS:ANIOYGet Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $3.88 billion. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%. Research analysts anticipate that Acerinox will post 0.53 earnings per share for the current fiscal 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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