ACERINOX SA/ADR (ANIOY) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of ACERINOX SA/ADR (OTCMKTS:ANIOY) from a sell rating to a hold rating in a report published 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. “

ACERINOX SA/ADR stock opened at $5.10 on Friday. ACERINOX SA/ADR has a 12-month low of $4.74 and a 12-month high of $7.51. The firm has a market cap of $2.82 billion, a P/E ratio of 10.85 and a beta of 1.14. The company has a current ratio of 1.96, a quick ratio of 1.15 and a debt-to-equity ratio of 0.48.



The company also recently declared an annual dividend, which will be paid on Thursday, June 20th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.119 per share. This represents a yield of 2.33%. The ex-dividend date is Monday, June 3rd.

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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