ACERINOX SA/ADR (OTCMKTS:ANIOY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of ACERINOX SA/ADR (OTCMKTS:ANIOY) from a sell rating to a hold rating in a research note published on Wednesday, reports.

According to Zacks, “Acerinox, S.A. is engaged in production and selling stainless steel. The Company also offers slabs, billets, black coils, sheets, angles and bars. It operates primarily in Spain, USA, South Africa and Malaysia. Acerinox, S.A. is headquartered in Madrid, Spain. “

OTCMKTS ANIOY opened at $4.61 on Wednesday. The business has a fifty day moving average price of $4.78. The company has a quick ratio of 1.15, a current ratio of 1.96 and a debt-to-equity ratio of 0.48. ACERINOX SA/ADR has a 12-month low of $4.46 and a 12-month high of $7.17. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 9.04 and a beta of 1.25.

ACERINOX SA/ADR (OTCMKTS:ANIOY) last posted its earnings results on Monday, May 13th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.43 billion. On average, analysts forecast that ACERINOX SA/ADR will post 0.39 EPS for the current year.

The firm also recently disclosed an annual dividend, which was paid on Thursday, June 20th. Investors of record on Tuesday, June 4th were paid a dividend of $0.119 per share. The ex-dividend date was Monday, June 3rd. This represents a yield of 2.33%. ACERINOX SA/ADR’s dividend payout ratio is presently 43.14%.

ACERINOX SA/ADR Company Profile

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, and rest of Europe. The company's Flat Products segment offers slabs, flats, coils, plates, sheets, circles, and flat bars. Its Long Products segment provides bars, angles, wires, and wire rods.

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