Acerinox (OTCMKTS:ANIOY – Get Free Report) announced its earnings results on Friday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04, Zacks reports. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%.
Acerinox Trading Up 9.3%
Acerinox stock opened at $10.24 on Friday. Acerinox has a one year low of $5.87 and a one year high of $10.24. The business’s fifty day moving average is $9.19 and its 200 day moving average is $8.14. The stock has a market capitalization of $5.11 billion, a PE ratio of -102.39 and a beta of 1.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ANIOY. Citigroup restated a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. Jefferies Financial Group upgraded Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. BNP Paribas Exane cut Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Finally, Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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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