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Acerinox (OTCMKTS:ANIOY) Hits New 1-Year High - Here's What Happened

Acerinox logo with Basic Materials background

Shares of Acerinox (OTCMKTS:ANIOY - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $6.50 and last traded at $6.50, with a volume of 110 shares. The stock had previously closed at $6.20.

Wall Street Analyst Weigh In

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

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Acerinox Stock Down 0.6%

The stock has a 50 day moving average price of $5.91 and a 200-day moving average price of $5.58. The stock has a market capitalization of $3.22 billion, a P/E ratio of 17.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.16 and a quick ratio of 1.06.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) 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%. As a group, research analysts expect that Acerinox will post 0.48 EPS for the current fiscal year.

About Acerinox

(Get Free Report)

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.

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