Acerinox (OTCMKTS:ANIOY – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $9.28, but opened at $8.99. Acerinox shares last traded at $8.99, with a volume of 1,200 shares trading hands.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Acerinox currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Acerinox
Acerinox Price Performance
Acerinox (OTCMKTS:ANIOY – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.01 earnings per share (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 firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $3.88 billion. Sell-side analysts predict that Acerinox will post 0.53 earnings per share 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.
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