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

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

OTCMKTS ANIOY remained flat at $$4.55 during trading hours on Tuesday. The business’s fifty day moving average is $4.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.96 and a quick ratio of 1.15. ACERINOX SA/ADR has a one year low of $4.05 and a one year high of $7.17. The stock has a market capitalization of $2.24 billion, a P/E ratio of 8.92 and a beta of 1.24.



ACERINOX SA/ADR (OTCMKTS:ANIOY) last posted its earnings results on Monday, May 13th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, equities research analysts anticipate that ACERINOX SA/ADR will post 0.36 earnings per share for the current fiscal year.

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.

Further Reading: What are retained earnings?

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