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

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ACERINOX SA/ADR (OTCMKTS:ANIOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com 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. “

Several other equities research analysts also recently weighed in on ANIOY. Bank of America upgraded ACERINOX SA/ADR from an “underperform” rating to a “neutral” rating in a report on Monday, November 11th. Deutsche Bank upgraded ACERINOX SA/ADR from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

Shares of OTCMKTS ANIOY traded up $0.28 during mid-day trading on Friday, reaching $5.15. The company’s stock had a trading volume of 100 shares, compared to its average volume of 32. The stock has a fifty day moving average of $4.43 and a two-hundred day moving average of $4.56. ACERINOX SA/ADR has a 52 week low of $4.00 and a 52 week high of $5.35. The firm has a market capitalization of $2.79 billion, a PE ratio of 10.10 and a beta of 1.31.

About ACERINOX SA/ADR

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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