Acerinox (OTCMKTS:ANIOY) Hits New 52-Week High - Should You Buy?

Acerinox (OTCMKTS:ANIOY - Get Free Report) shares hit a new 52-week high during mid-day trading 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 Analysts Forecast Growth

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

Acerinox Stock Up 4.8%

The company has a debt-to-equity ratio of 0.57, a current ratio of 2.16 and a quick ratio of 1.06. The stock has a fifty day moving average price of $5.86 and a two-hundred day moving average price of $5.55. The company has a market cap of $3.24 billion, a P/E ratio of 17.11 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last released 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 expect that Acerinox will post 0.48 EPS 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.