Acerinox (OTCMKTS:ANIOY – Get Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $8.89, but opened at $9.57. Acerinox shares last traded at $9.57, with a volume of 208 shares changing hands.
Analyst Ratings Changes
ANIOY has been the subject of several analyst reports. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a research report on Tuesday, May 19th. Finally, Citigroup reissued a “buy” rating on shares of Acerinox in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Acerinox has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Acerinox
Acerinox Stock Up 3.5%
Acerinox (OTCMKTS:ANIOY – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.58). The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $3.88 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. Equities research analysts predict that Acerinox will post 0.53 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.
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