Acerinox (OTCMKTS:ANIOY) Receives Average Recommendation of “Moderate Buy” from Analysts

Acerinox (OTCMKTS:ANIOY) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts recently weighed in on ANIOY shares. Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Acerinox in a report on Monday, July 13th. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. Finally, BNP Paribas Exane cut Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th.

Acerinox Price Performance

Shares of ANIOY stock opened at $9.44 on Wednesday. The firm has a market cap of $4.71 billion, a P/E ratio of -94.39 and a beta of 1.13. 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 $9.85. The firm has a fifty day moving average of $9.07 and a two-hundred day moving average of $8.05.

Acerinox (OTCMKTS:ANIOY) last issued 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 net margin of 0.79% and a negative return on equity of 2.11%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $3.88 billion. As a group, research analysts anticipate that Acerinox will post 0.49 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.