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

Acerinox, S.A. (OTCMKTS:ANIOY)’s share price reached a new 52-week high on Thursday . The company traded as high as $6.47 and last traded at $6.35, with a volume of 338 shares changing hands. The stock had previously closed at $5.75.

Acerinox Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.37. The stock has a market capitalization of $3.17 billion, a P/E ratio of 79.38 and a beta of 1.44. The stock’s fifty day moving average is $5.24 and its 200-day moving average is $5.09.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings results on Friday, February 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Acerinox had a return on equity of 7.94% and a net margin of 0.79%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.24 billion. On average, equities analysts anticipate that Acerinox, S.A. will post 0.48 earnings per share for the current year.

Acerinox Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Thursday, January 23rd were given a $0.0983 dividend. The ex-dividend date was Thursday, January 23rd. Acerinox’s dividend payout ratio is 40.43%.

Acerinox Company Profile

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.