Zacks Investment Research Lowers ACERINOX SA/ADR (ANIOY) to Sell

Zacks Investment Research downgraded shares of ACERINOX SA/ADR (OTCMKTS:ANIOY) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

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. “

Separately, ValuEngine lowered ACERINOX SA/ADR from a sell rating to a strong sell rating in a research note on Monday, November 26th.

Shares of ANIOY opened at $5.23 on Monday. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 10.90 and a beta of 1.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.10 and a current ratio of 1.84. ACERINOX SA/ADR has a 1 year low of $4.74 and a 1 year high of $7.55.

ACERINOX SA/ADR Company Profile

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.

Further Reading: How do taxes affect a CDs total return?

Get a free copy of the Zacks research report on ACERINOX SA/ADR (ANIOY)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for ACERINOX SA/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACERINOX SA/ADR and related companies with's FREE daily email newsletter.