Acerinox (OTCMKTS:ANIOY – Get Free Report) issued its earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58), Zacks reports. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Acerinox had a negative return on equity of 1.92% and a negative net margin of 0.72%.
Acerinox Stock Performance
OTCMKTS ANIOY opened at $8.63 on Friday. The stock has a 50-day simple moving average of $7.45 and a two-hundred day simple moving average of $7.22. The firm has a market capitalization of $4.30 billion, a P/E ratio of -86.29 and a beta of 1.11. Acerinox has a fifty-two week low of $5.87 and a fifty-two week high of $8.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on ANIOY shares. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Acerinox in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
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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