Acerinox (OTCMKTS:ANIOY) Shares Gap Down – Here’s What Happened

Acerinox (OTCMKTS:ANIOY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $9.8516, but opened at $8.92. Acerinox shares last traded at $8.92, with a volume of 179 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on ANIOY shares. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Wednesday, May 20th. Finally, Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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Acerinox Price Performance

The firm has a fifty day simple moving average of $8.69 and a two-hundred day simple moving average of $7.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89. The firm has a market cap of $4.45 billion, a PE ratio of -89.19 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.58). The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. Equities analysts predict that Acerinox will post 0.53 EPS for the current fiscal year.

About Acerinox

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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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