ACERINOX SA/ADR (OTCMKTS:ANIOY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of ACERINOX SA/ADR (OTCMKTS:ANIOY) from a sell rating to a hold rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “Acerinox, S.A. is engaged in production and selling stainless steel. The Company also offers slabs, billets, black coils, sheets, angles and bars. It operates primarily in Spain, USA, South Africa and Malaysia. Acerinox, S.A. is headquartered in Madrid, Spain. “

Shares of OTCMKTS:ANIOY opened at $4.55 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.96 and a quick ratio of 1.15. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 8.92 and a beta of 1.25. The stock’s 50-day simple moving average is $4.72. ACERINOX SA/ADR has a 1 year low of $4.46 and a 1 year high of $7.17.

ACERINOX SA/ADR (OTCMKTS:ANIOY) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, equities analysts forecast that ACERINOX SA/ADR will post 0.37 earnings per share for the current fiscal year.

About ACERINOX SA/ADR

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, and rest of Europe. The company's Flat Products segment offers slabs, flats, coils, plates, sheets, circles, and flat bars. Its Long Products segment provides bars, angles, wires, and wire rods.

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