ACERINOX SA/ADR (OTCMKTS:ANIOY) Rating Increased 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 report released on Thursday, 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. “

Separately, Deutsche Bank raised ACERINOX SA/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

ANIOY stock traded up $0.50 on Thursday, reaching $4.55. The company had a trading volume of 400 shares, compared to its average volume of 30. ACERINOX SA/ADR has a 1 year low of $4.00 and a 1 year high of $5.63. The company’s fifty day moving average is $4.24 and its 200 day moving average is $4.61. The company has a market cap of $2.46 billion, a P/E ratio of 8.92 and a beta of 1.30.

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.

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