Acerinox, S.A. (OTCMKTS:ANIOY) Receives Average Rating of “Hold” from Brokerages

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Shares of Acerinox, S.A. (OTCMKTS:ANIOY) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company.

ANIOY has been the subject of several recent analyst reports. Zacks Investment Research upgraded Acerinox from a “sell” rating to a “hold” rating in a report on Wednesday, September 16th. Morgan Stanley reissued an “equal weight” rating on shares of Acerinox in a research report on Tuesday, August 25th.

Shares of ANIOY remained flat at $$4.10 during mid-day trading on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 2.02. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -15.77 and a beta of 1.49. The company’s 50-day moving average price is $4.07 and its two-hundred day moving average price is $3.98. Acerinox has a 52 week low of $2.97 and a 52 week high of $5.43.

Acerinox (OTCMKTS:ANIOY) last announced its earnings results on Wednesday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter. Acerinox had a negative net margin of 2.72% and a positive return on equity of 7.93%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.14 billion. As a group, equities analysts predict that Acerinox will post 0.14 EPS for the current year.

About Acerinox

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and rest of Europe. The company's Flat Stainless Steel Products segment offers billets, black coil, circles, cold rolled coil and sheet, engraved coil/sheet, hot rolled coil and sheet, plates, and slabs.

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