Acerinox (OTCMKTS:ANIOY) Shares Gap Up – Still a Buy?

Shares of Acerinox (OTCMKTS:ANIOY) gapped up prior to trading on Wednesday . The stock had previously closed at $8.68, but opened at $9.17. Acerinox shares last traded at $9.17, with a volume of 1,237 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Acerinox in a research note on Wednesday, May 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a report on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Acerinox Stock Up 4.1%

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 has a fifty day moving average of $7.75 and a 200 day moving average of $7.39. The stock has a market cap of $4.57 billion, a PE ratio of -91.69 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last released its quarterly 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). The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%. On average, equities research analysts anticipate that Acerinox will post 0.53 EPS for the current fiscal year.

Acerinox Company Profile

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.