Acerinox (OTCMKTS:ANIOY) Posts Earnings Results

Acerinox (OTCMKTS:ANIOY - Get Free Report) posted its earnings results on Thursday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.11), Zacks reports. Acerinox had a return on equity of 7.94% and a net margin of 0.79%.

Acerinox Price Performance

ANIOY stock remained flat at $5.60 during mid-day trading on Friday. 5 shares of the company's stock were exchanged, compared to its average volume of 700. Acerinox has a one year low of $4.45 and a one year high of $6.47. The stock has a 50 day simple moving average of $5.68 and a 200-day simple moving average of $5.25. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 70.01 and a beta of 1.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.37.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BNP Paribas downgraded Acerinox to a "neutral" rating in a research note on Monday, April 7th. Jefferies Financial Group raised Acerinox to a "buy" rating in a research note on Wednesday, March 5th. Finally, Barclays restated an "overweight" rating on shares of Acerinox in a report on Wednesday, March 5th.

Acerinox Company Profile

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.