Acerinox (OTCMKTS:ANIOY) Shares Gap Down – Here’s What Happened

Acerinox (OTCMKTS:ANIOY) gapped down prior to trading on Friday . The stock had previously closed at $9.28, but opened at $8.99. Acerinox shares last traded at $8.99, with a volume of 1,200 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. Finally, Citigroup reissued a “buy” rating on shares of Acerinox in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Acerinox Trading Down 3.1%

The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $4.48 billion, a P/E ratio of -89.89 and a beta of 1.13. The firm has a 50-day moving average of $8.96 and a two-hundred day moving average of $7.95.

Acerinox (OTCMKTS:ANIOY) last released 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 business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $3.88 billion. On average, analysts anticipate that Acerinox will post 0.53 EPS for the current 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.