Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Should You Buy?

Acerinox (OTCMKTS:ANIOY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $9.83, but opened at $10.18. Acerinox shares last traded at $10.18, with a volume of 167 shares trading hands.

Wall Street Analysts Forecast Growth

ANIOY has been the topic of a number of recent research reports. Jefferies Financial Group upgraded Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Citigroup reissued a “buy” rating on shares of Acerinox in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Acerinox presently has an average rating of “Moderate Buy”.

Acerinox Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.65. The company has a market capitalization of $5.08 billion, a PE ratio of 78.31 and a beta of 1.11. The company has a 50 day moving average price of $9.67 and a 200 day moving average price of $8.53.

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

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.