Acerinox (OTCMKTS:ANIOY) Sees Strong Trading Volume – Still a Buy?

Shares of Acerinox (OTCMKTS:ANIOYGet Free Report) saw strong trading volume on Monday . 43,327 shares were traded during trading, an increase of 642% from the previous session’s volume of 5,842 shares.The stock last traded at $8.48 and had previously closed at $8.32.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Thursday, January 22nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on Acerinox

Acerinox Price Performance

The company has a fifty day moving average of $7.59 and a two-hundred day moving average of $7.31. The company has a market cap of $4.18 billion, a PE ratio of -83.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89.

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

About Acerinox

(Get Free Report)

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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