Acerinox (OTCMKTS:ANIOY) Shares Gap Up - Still a Buy?

Key Points

• Gapped up: Acerinox shares jumped pre-market from $7.76 to $8.25 and last traded at $8.25 on very light volume (300 shares).
• EPS miss and weak profitability: The company reported quarterly EPS of -$0.11 versus $0.06 expected (miss by $0.17), with a negative net margin (-0.72%) and negative ROE (-1.92%) on $1.52 billion of revenue.
• Mixed analyst outlook: Coverage is split (two Buys, one Sell); Citigroup reiterated a Buy while Zacks cut to Strong Sell, leaving a MarketBeat consensus rating of Hold.

Acerinox (OTCMKTS:ANIOY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $7.76, but opened at $8.25. Acerinox shares last traded at $8.25, with a volume of 300 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ANIOY shares. Citigroup reiterated a "buy" rating on shares of Acerinox in a report on Thursday, January 22nd. Zacks Research cut Acerinox from a "hold" rating to a "strong sell" rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Acerinox currently has a consensus rating of "Hold".

Acerinox Trading Down 1.1%

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -90.66 and a beta of 1.09. The business has a 50 day simple moving average of $7.41 and a 200-day simple moving average of $7.17.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last posted its earnings results on Friday, February 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.17). Acerinox had a negative net margin of 0.72% and a negative return on equity of 1.92%. The business had revenue of $1.52 billion during the quarter. As a group, equities analysts expect that Acerinox will post 0.53 earnings per share for the current year.

Acerinox Company Profile

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company's core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.

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