Acerinox (OTCMKTS:ANIOY – Get Free Report) saw unusually-high trading volume on Monday. Approximately 152,287 shares were traded during mid-day trading, an increase of 3,368% from the previous session’s volume of 4,391 shares. The stock last traded at $9.35 and had previously closed at $9.30.
Analyst Ratings Changes
ANIOY has been the topic of several research reports. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Acerinox in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on Acerinox
Acerinox Stock Up 0.1%
The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $9.94 and a two-hundred day simple moving average of $9.27. The company has a market capitalization of $4.64 billion, a P/E ratio of 71.46 and a beta of 1.08.
Acerinox (OTCMKTS:ANIOY – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 2.59% and a net margin of 0.95%. As a group, equities analysts predict that Acerinox will post 0.53 EPS for the current year.
About Acerinox
Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.
Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.
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