Acerinox (OTCMKTS:ANIOY) Shares Gap Down – Should You Sell?

Shares of Acerinox (OTCMKTS:ANIOY) gapped down prior to trading on Thursday . The stock had previously closed at $10.35, but opened at $9.83. Acerinox shares last traded at $9.83, with a volume of 305 shares.

Analyst Ratings Changes

ANIOY has been the topic of a number of research reports. Citigroup reiterated a “buy” rating on shares of Acerinox in a research report on Monday, July 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a research report on Monday, July 27th. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group upgraded shares of Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Acerinox currently has an average rating of “Moderate Buy”.

Acerinox Trading Down 5.0%

The firm has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $8.50. The firm has a market capitalization of $4.90 billion, a P/E ratio of 75.62 and a beta of 1.11. 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 (OTCMKTS:ANIOY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. On average, equities research analysts anticipate that Acerinox will post 0.51 earnings per share 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.