ACERINOX SA/ADR (OTCMKTS:ANIOY) Raised to Neutral at Bank of America

Bank of America upgraded shares of ACERINOX SA/ADR (OTCMKTS:ANIOY) from an underperform rating to a neutral rating in a research report released on Monday morning, The Fly reports.

Several other equities analysts have also commented on ANIOY. Deutsche Bank upgraded ACERINOX SA/ADR from a hold rating to a buy rating in a research report on Thursday, September 5th. Zacks Investment Research upgraded ACERINOX SA/ADR from a sell rating to a hold rating in a research report on Monday, November 4th.

Shares of ACERINOX SA/ADR stock traded up $0.28 during trading on Monday, hitting $5.15. 100 shares of the stock traded hands, compared to its average volume of 25. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 10.10 and a beta of 1.31. The firm’s fifty day moving average is $4.41 and its 200-day moving average is $4.56. ACERINOX SA/ADR has a 52 week low of $4.00 and a 52 week high of $5.35.

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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