Acerinox (OTCMKTS:ANIOY) Issues Quarterly Earnings Results

Acerinox (OTCMKTS:ANIOY) released its quarterly earnings data on Friday. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01), Zacks reports. Acerinox had a return on equity of 2.59% and a net margin of 0.95%.

Acerinox Stock Performance

Shares of ANIOY remained flat at $9.43 during midday trading on Friday. The company’s stock had a trading volume of 748 shares, compared to its average volume of 13,116. The company’s fifty day moving average is $9.81 and its 200-day moving average is $8.78. The stock has a market capitalization of $4.70 billion, a P/E ratio of 72.50 and a beta of 1.08. Acerinox has a 12 month low of $6.22 and a 12 month high of $10.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.65.

Analysts Set New Price Targets

ANIOY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Acerinox in a report on Friday, September 4th. BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Jefferies Financial Group upgraded shares of Acerinox to a “strong-buy” rating in a report on Monday, July 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

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.