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

Shares of Acerinox (OTCMKTS:ANIOY) gapped up prior to trading on Thursday . The stock had previously closed at $8.32, but opened at $8.70. Acerinox shares last traded at $8.70, with a volume of 207 shares trading hands.

Wall Street Analyst Weigh In

ANIOY has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a research note on Tuesday. Zacks Research upgraded shares of Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Citigroup reiterated a “buy” rating on shares of Acerinox in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Acerinox Price Performance

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 stock has a market capitalization of $4.39 billion, a PE ratio of -88.09 and a beta of 1.11. The firm has a 50 day moving average price of $7.68 and a 200 day moving average price of $7.35.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.58). The company had revenue of $1.62 billion during 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%. Research analysts anticipate that Acerinox will post 0.53 earnings per share for the current year.

About Acerinox

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.