Acerinox (OTCMKTS:ANIOY) Sees Large Volume Increase - Here's Why

Acerinox (OTCMKTS:ANIOY - Get Free Report) shares saw an uptick in trading volume on Friday . 5,000 shares traded hands during 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.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays reissued an "overweight" rating on shares of Acerinox in a research report on Wednesday, March 5th. Jefferies Financial Group upgraded shares of Acerinox to a "buy" rating in a report on Wednesday, March 5th. Finally, BNP Paribas lowered shares of Acerinox to a "neutral" rating in a research note on Monday, April 7th.

Acerinox Stock Down 1.1%

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 company has a market cap of $3.09 billion, a PE ratio of 16.32 and a beta of 1.10. The business's 50 day moving average is $5.77 and its 200-day moving average is $5.49.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.11). Acerinox had a return on equity of 7.07% and a net margin of 3.34%. As a group, analysts predict that Acerinox will post 0.48 EPS for the current year.

About Acerinox

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.