Acerinox (OTCMKTS:ANIOY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Acerinox (OTCMKTS:ANIOY) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have issued reports on ANIOY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Acerinox in a report on Friday, September 4th. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a report on Monday, July 13th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a report on Tuesday, September 15th. Finally, BNP Paribas Exane cut Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th.

Acerinox Price Performance

Shares of OTCMKTS:ANIOY opened at $9.42 on Friday. Acerinox has a fifty-two week low of $6.22 and a fifty-two week high of $10.74. The firm has a 50-day simple moving average of $9.85 and a 200 day simple moving average of $8.75.

Acerinox Company Profile

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.