Acerinox (OTCMKTS:ANIOY – Get Free Report) hit a new 52-week high during mid-day trading on Friday following a stronger than expected earnings report. The company traded as high as $10.22 and last traded at $10.22, with a volume of 12020 shares traded. The stock had previously closed at $9.37.
The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.
Analyst Upgrades and Downgrades
ANIOY has been the subject of several recent research reports. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. 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 restated an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Acerinox Stock Up 7.9%
The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of -101.09 and a beta of 1.13. The firm’s fifty day moving average is $9.15 and its 200-day moving average is $8.13.
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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