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Acerinox (OTCMKTS:ANIOY) Shares Gap Up - Here's What Happened

Acerinox logo with Basic Materials background

Acerinox (OTCMKTS:ANIOY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $5.97, but opened at $6.27. Acerinox shares last traded at $6.27, with a volume of 100 shares.

Analyst Ratings Changes

Several brokerages recently commented on ANIOY. Barclays reissued an "overweight" rating on shares of Acerinox in a report on Wednesday, March 5th. Jefferies Financial Group raised Acerinox to a "buy" rating in a report on Wednesday, March 5th. Finally, BNP Paribas cut Acerinox to a "neutral" rating in a report on Monday, April 7th.

Get Our Latest Stock Report on ANIOY

Acerinox Price Performance

The company has a market cap of $3.09 billion, a P/E ratio of 16.32 and a beta of 1.10. The company has a fifty day simple moving average of $5.77 and a 200-day simple moving average of $5.49. 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 posted its quarterly earnings results 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 net margin of 3.34% and a return on equity of 7.07%. On average, sell-side analysts predict that Acerinox will post 0.48 earnings per share for the current year.

Acerinox Company Profile

(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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