Acerinox (OTCMKTS:ANIOY – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.58), Zacks reports. Acerinox had a negative net margin of 0.72% and a negative return on equity of 1.92%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $3.88 billion.
Acerinox Price Performance
Shares of OTCMKTS ANIOY remained flat at $8.63 during mid-day trading on Friday. The firm has a market capitalization of $4.30 billion, a PE ratio of -95.88 and a beta of 1.11. The stock’s 50-day moving average is $7.45 and its 200 day moving average is $7.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91. Acerinox has a 1 year low of $5.87 and a 1 year high of $8.71.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Citigroup reissued a “buy” rating on shares of Acerinox in a research note on Thursday, January 22nd. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Two 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 currently has an average rating of “Moderate Buy”.
Acerinox Company Profile
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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