Acerinox (OTCMKTS:ANIOY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Acerinox (OTCMKTS:ANIOY) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

ANIOY has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. Jefferies Financial Group upgraded shares of Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Acerinox in a research note on Monday, July 27th. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. Finally, BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th.

Acerinox Stock Performance

Shares of OTCMKTS ANIOY opened at $10.18 on Thursday. Acerinox has a 12-month low of $6.11 and a 12-month high of $10.74. The company has a market cap of $5.08 billion, a PE ratio of 78.30 and a beta of 1.10. The stock has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $8.67. 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 announced its earnings results on Friday, July 24th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Acerinox had a return on equity of 2.59% and a net margin of 0.95%.The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $3.51 billion. On average, equities research analysts forecast that Acerinox will post 0.51 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.