Acerinox (OTCMKTS:ANIOY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Acerinox (OTCMKTS:ANIOY) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research analysts recently issued reports on ANIOY shares. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Jefferies Financial Group upgraded Acerinox to a “strong-buy” rating in a report on Monday, July 13th. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Citigroup reissued a “buy” rating on shares of Acerinox in a report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Acerinox in a research report on Friday, September 4th.

Acerinox Stock Performance

OTCMKTS:ANIOY opened at $9.90 on Monday. The company has a market capitalization of $4.94 billion, a PE ratio of 76.15 and a beta of 1.10. 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 has a 52-week low of $6.22 and a 52-week high of $10.74. The stock has a fifty day simple moving average of $10.14 and a 200-day simple moving average of $9.02.

Acerinox (OTCMKTS:ANIOY) last posted its earnings results on Friday, July 24th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Acerinox had a net margin of 0.95% and a return on equity of 2.59%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $3.51 billion. On average, equities research analysts expect that Acerinox will post 0.51 earnings per share for the current fiscal year.

About Acerinox

Acerinox, SA is a Spanish manufacturer of stainless steel and high-performance alloys. The company produces flat and long stainless-steel products, including sheets, coils, plates, bars, wire rod and wire, serving applications such as construction, transportation, energy, industrial equipment, food processing and household products.

Founded in 1970, Acerinox has developed an international production and distribution network. Its principal manufacturing operations have included facilities in Spain, the United States and South Africa, while its commercial network serves customers across Europe, the Americas, Africa and Asia.