Acerinox (OTCMKTS:ANIOY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 5,000 shares were traded during mid-day trading, an increase of 471% from the previous session's volume of 875 shares.The stock last traded at $6.25 and had previously closed at $6.27.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Acerinox to a "buy" rating in a research note on Wednesday, March 5th. BNP Paribas downgraded shares of Acerinox to a "neutral" rating in a research report on Monday, April 7th. Finally, Barclays reissued an "overweight" rating on shares of Acerinox in a research report on Wednesday, March 5th.
Read Our Latest Stock Report on ANIOY
Acerinox Stock Performance
The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.06 and a current ratio of 2.16. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 16.45 and a beta of 1.10. The firm's 50-day moving average price is $5.75 and its two-hundred day moving average price is $5.48.
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%. Sell-side analysts predict that Acerinox will post 0.48 earnings per share for the current year.
About Acerinox
(
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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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