Acerinox (OTCMKTS:ANIOY – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $8.92 and last traded at $8.92, with a volume of 1218 shares changing hands. The stock had previously closed at $8.38.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ANIOY. Citigroup reiterated a “buy” rating on shares of Acerinox in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a report on Tuesday. Finally, Zacks Research upgraded shares of Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Check Out Our Latest Report on ANIOY
Acerinox Stock Performance
Acerinox (OTCMKTS:ANIOY – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.58). Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $3.88 billion. On average, equities research analysts expect that Acerinox will post 0.53 earnings per share for the current year.
About Acerinox
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.
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