Acerinox (OTCMKTS:ANIOY) Sets New 12-Month High – Here’s What Happened

Acerinox (OTCMKTS:ANIOY) reached a new 52-week high on Wednesday . The company traded as high as $10.71 and last traded at $10.71, with a volume of 1036 shares traded. The stock had previously closed at $10.00.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a report on Monday, July 27th. 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 issued a Sell rating to the stock. According to MarketBeat.com, Acerinox presently has an average rating of “Moderate Buy”.

Acerinox Trading Up 6.4%

The company has a fifty day moving average of $9.41 and a two-hundred day moving average of $8.29. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 81.85 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. Acerinox had a return on equity of 2.65% and a net margin of 0.95%.The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $3.51 billion. On average, research analysts expect that Acerinox will post 0.49 EPS for the current year.

Acerinox Company Profile

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.