Acerinox (OTCMKTS:ANIOY) Shares Gap Down – Should You Sell?

Acerinox (OTCMKTS:ANIOY) shares gapped down prior to trading on Monday . The stock had previously closed at $10.64, but opened at $10.20. Acerinox shares last traded at $10.20, with a volume of 100 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ANIOY. Citigroup reiterated a “buy” rating on shares of Acerinox in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Acerinox in a research note on Monday, July 27th. Jefferies Financial Group upgraded Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, BNP Paribas Exane lowered shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Acerinox Stock Performance

The stock has a 50 day moving average price of $9.54 and a two-hundred day moving average price of $8.39. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 78.46 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. Analysts predict that Acerinox will post 0.49 EPS 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.