ACERINOX SA/ADR (OTCMKTS:ANIOY) Given Average Rating of “Hold” by Analysts

ACERINOX SA/ADR (OTCMKTS:ANIOY) has received an average rating of “Hold” from the seven ratings firms that are covering the company, reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company.

ANIOY has been the topic of a number of research reports. Bank of America raised ACERINOX SA/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 14th. Zacks Investment Research downgraded ACERINOX SA/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of ACERINOX SA/ADR in a research note on Friday, May 15th.

ANIOY stock remained flat at $$4.29 during trading on Tuesday. The firm has a 50 day simple moving average of $4.14 and a 200-day simple moving average of $4.15. ACERINOX SA/ADR has a one year low of $2.97 and a one year high of $5.43. The company has a quick ratio of 1.19, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 11.92 and a beta of 1.72.

ACERINOX SA/ADR Company Profile

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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Analyst Recommendations for ACERINOX SA/ADR (OTCMKTS:ANIOY)

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