Acerinox (OTCMKTS:ANIOY) Shares Gap Down – Here’s What Happened

Acerinox (OTCMKTS:ANIOY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.8516, but opened at $8.92. Acerinox shares last traded at $8.92, with a volume of 179 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ANIOY shares. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Finally, Citigroup reiterated a “buy” rating on shares of Acerinox in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Acerinox Stock Performance

The firm has a fifty day moving average of $8.74 and a two-hundred day moving average of $7.80. The company has a market cap of $4.44 billion, a PE ratio of -88.99 and a beta of 1.11. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

Acerinox (OTCMKTS:ANIOY) 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). The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. As a group, sell-side analysts predict that Acerinox will post 0.53 EPS 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.