Acerinox (OTCMKTS:ANIOY) Raised to Strong-Buy at Jefferies Financial Group

Acerinox (OTCMKTS:ANIOY) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Acerinox Stock Up 0.7%

ANIOY stock opened at $9.36 on Monday. The company’s 50 day simple moving average is $9.02 and its 200-day simple moving average is $8.00. The firm has a market capitalization of $4.67 billion, a PE ratio of -93.59 and a beta of 1.13. Acerinox has a 12 month low of $5.87 and a 12 month high of $9.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91.

Acerinox (OTCMKTS:ANIOY) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Equities analysts expect that Acerinox will post 0.53 earnings per share for the current fiscal 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.