Acerinox (OTCMKTS:ANIOY – Get Free Report) shares gapped down before the market opened on Monday following a dissappointing earnings announcement. The stock had previously closed at $9.42, but opened at $8.8550. Acerinox shares last traded at $8.8340, with a volume of 393 shares.
The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Acerinox had a return on equity of 5.41% and a net margin of 1.93%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Citigroup reissued a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. BNP Paribas Exane downgraded shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Acerinox in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned 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 an average rating of “Moderate Buy”.
Get Our Latest Research Report on Acerinox
Acerinox Stock Performance
The stock has a 50 day moving average price of $9.73 and a two-hundred day moving average price of $8.80. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 33.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79.
Acerinox Company Profile
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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