Acerinox (OTCMKTS:ANIOY) Reaches New 12-Month High – Time to Buy?

Acerinox (OTCMKTS:ANIOY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.00 and last traded at $8.00, with a volume of 575 shares traded. The stock had previously closed at $7.65.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating on shares of Acerinox in a research note on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Acerinox Price Performance

The stock’s 50 day simple moving average is $6.95 and its 200-day simple moving average is $6.54. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 53.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.95 and a current ratio of 1.91.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $1.65 billion for the quarter. Acerinox had a net margin of 1.17% and a return on equity of 2.85%. Equities research analysts anticipate that Acerinox will post 0.48 EPS for the current fiscal 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.