Acerinox (OTCMKTS:ANIOY) Reaches New 1-Year High – Here’s What Happened

Acerinox (OTCMKTS:ANIOY) shares hit a new 52-week high during trading on Friday . The stock traded as high as $9.79 and last traded at $9.79, with a volume of 593 shares traded. The stock had previously closed at $9.44.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANIOY. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Wednesday, May 20th. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Acerinox currently has an average rating of “Moderate Buy”.

Acerinox Trading Up 3.7%

The firm has a market capitalization of $4.88 billion, a P/E ratio of -97.89 and a beta of 1.11. The business’s 50-day moving average is $8.36 and its 200 day moving average is $7.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91.

Acerinox (OTCMKTS:ANIOY) last released its quarterly earnings results on Friday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $3.88 billion. As a group, analysts anticipate that Acerinox will post 0.53 EPS for the current fiscal 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.