Acerinox (OTCMKTS:ANIOY) Sees Large Volume Increase – Here’s What Happened

Shares of Acerinox (OTCMKTS:ANIOY) saw strong trading volume on Monday . 12,320 shares traded hands during mid-day trading, an increase of 162% from the previous session’s volume of 4,707 shares.The stock last traded at $9.90 and had previously closed at $9.96.

Analyst Ratings Changes

ANIOY has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a report on Monday, July 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a research report on Friday, September 4th. Finally, BNP Paribas Exane lowered Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Acerinox Trading Down 0.6%

The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average is $10.05 and its two-hundred day moving average is $8.86. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 76.15 and a beta of 1.10.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $3.51 billion. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. Equities analysts anticipate that Acerinox will post 0.51 earnings per share for the current fiscal year.

Acerinox Company Profile

Acerinox, SA is a Spain-based manufacturer of stainless steel and high-performance alloys. The company produces flat and long stainless-steel products, including slabs, hot- and cold-rolled coils, sheets, plates, bars, wire rod and other specialized formats. Its materials are used in sectors such as construction, industrial equipment, transportation, energy, food processing and household appliances.

Founded in 1970, Acerinox has developed into an international metals group with production and commercial operations serving customers in Europe, North America, South Africa and other global markets.