Acerinox (OTCMKTS:ANIOY) Hits New 12-Month High – Time to Buy?

Shares of Acerinox (OTCMKTS:ANIOYGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.94 and last traded at $6.94, with a volume of 131 shares changing hands. The stock had previously closed at $6.80.

Acerinox Stock Up 4.5%

The stock has a market capitalization of $3.46 billion, a P/E ratio of 36.53 and a beta of 1.25. The company has a 50 day moving average of $6.62 and a 200-day moving average of $6.22.

Acerinox (OTCMKTS:ANIOYGet Free Report) last issued its earnings results on Friday, October 31st. The company reported $0.06 earnings per share for the quarter. Acerinox had a net margin of 1.59% and a return on equity of 3.54%. The company had revenue of $1.65 billion for the quarter. Equities analysts forecast that Acerinox will post 0.48 EPS for the current fiscal year.

About Acerinox

(Get Free Report)

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.

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