Acerinox (OTCMKTS:ANIOY) Shares Gap Up – What’s Next?

Acerinox (OTCMKTS:ANIOY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $8.30, but opened at $8.7550. Acerinox shares last traded at $8.7550, with a volume of 321 shares changing hands.

Analyst Ratings Changes

ANIOY has been the subject of several analyst reports. Citigroup reissued a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a research report on Friday, September 4th. Finally, Jefferies Financial Group upgraded Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Acerinox Price Performance

The firm has a fifty day moving average of $9.63 and a 200 day moving average of $8.81. The company has a market capitalization of $4.37 billion, a P/E ratio of 32.43 and a beta of 1.07. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60.

Acerinox (OTCMKTS:ANIOY) last issued its earnings results on Friday, October 30th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Acerinox had a return on equity of 5.41% and a net margin of 1.93%. On average, equities research analysts anticipate that Acerinox will post 0.48 EPS for the current year.

Acerinox Company Profile

Acerinox is a Spain-based metals company that produces and sells stainless steel and high-performance alloys. Founded in 1970, the company serves customers in industries including construction, transportation, energy, food processing and chemical production. Its stainless steel products include flat and long products, such as coils, sheets, plates and bars. Through its acquisition of Haynes International, Acerinox also offers specialty alloys designed for demanding environments, including applications that require resistance to heat or corrosion.