ValuEngine Lowers ACERINOX SA/ADR (ANIOY) to Strong Sell

ACERINOX SA/ADR (OTCMKTS:ANIOY) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday.

Separately, Zacks Investment Research downgraded shares of ACERINOX SA/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th.

ANIOY stock traded down $0.42 during mid-day trading on Monday, hitting $5.01. The company had a trading volume of 670 shares, compared to its average volume of 71. The stock has a market cap of $3.00 billion, a P/E ratio of 10.44 and a beta of 2.00. ACERINOX SA/ADR has a 12-month low of $5.43 and a 12-month high of $7.73. The company has a quick ratio of 1.10, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

ACERINOX SA/ADR Company Profile

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products worldwide. The company operates through Flat Stainless Steel Products, Long Stainless Steel Products, and Other segments. Its flat stainless steel products include billets, black coils, circles, cold rolled coils and sheets, engraved coils/sheets, flat bars, hot rolled coils and sheets, plates, and slabs.

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