Acerinox (OTCMKTS:ANIOY) Sets New 12-Month High - What's Next?

Acerinox (OTCMKTS:ANIOY - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $6.50 and last traded at $6.50, with a volume of 110 shares changing hands. The stock had previously closed at $6.20.

Analyst Ratings Changes

Separately, BNP Paribas lowered Acerinox to a "neutral" rating in a research report on Monday, April 7th.

Acerinox Stock Performance

The firm has a market capitalization of $3.24 billion, a P/E ratio of 17.11 and a beta of 1.11. The stock has a 50-day moving average of $5.84 and a 200 day moving average of $5.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.06 and a current ratio of 2.16.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.11). Acerinox had a net margin of 3.34% and a return on equity of 7.07%. On average, research analysts anticipate that Acerinox will post 0.48 earnings per share for the current year.

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.