Acerinox (OTCMKTS:ANIOY) Reaches New 1-Year High After Earnings Beat

Shares of Acerinox (OTCMKTS:ANIOY) reached a new 52-week high during mid-day trading on Friday following a stronger than expected earnings report. The stock traded as high as $10.22 and last traded at $10.22, with a volume of 12020 shares trading hands. The stock had previously closed at $9.37.

The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.76 billion.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ANIOY shares. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research note 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. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Citigroup restated a “buy” rating on shares of Acerinox in a research report on Monday, July 13th. Finally, Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Acerinox Stock Up 9.3%

The company has a market cap of $5.11 billion, a PE ratio of 78.77 and a beta of 1.13. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63. The firm’s fifty day simple moving average is $9.19 and its 200-day simple moving average is $8.14.

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.