Acerinox (OTCMKTS:ANIOY) Reaches New 12-Month High – Still a Buy?

Acerinox (OTCMKTS:ANIOY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $9.48 and last traded at $9.48, with a volume of 1437 shares trading hands. The stock had previously closed at $8.81.

Analysts Set New Price Targets

ANIOY has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research report on Tuesday, May 19th. Citigroup restated a “buy” rating on shares of Acerinox in a research report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Acerinox has an average rating of “Moderate Buy”.

Acerinox Trading Down 3.9%

The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.43 billion, a PE ratio of -88.89 and a beta of 1.11. The business’s 50-day simple moving average is $7.89 and its 200-day simple moving average is $7.44.

Acerinox (OTCMKTS:ANIOY) last released its earnings results on Friday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $3.88 billion. As a group, analysts expect that Acerinox will post 0.53 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.