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

ACERINOX SA/ADR (OTCMKTS:ANIOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, 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 ACERINOX SA/ADR stock remained flat at $$4.55 during trading on Monday. 20 shares of the company were exchanged, compared to its average volume of 56. The stock has a market capitalization of $2.51 billion, a P/E ratio of 8.92 and a beta of 1.25. The company’s fifty day moving average price is $4.70. ACERINOX SA/ADR has a 52 week low of $4.46 and a 52 week high of $7.17. The company has a current ratio of 1.96, a quick ratio of 1.15 and a debt-to-equity ratio of 0.48.

ACERINOX SA/ADR (OTCMKTS:ANIOY) last released its quarterly earnings results on Monday, May 13th. The company reported $0.07 EPS for the quarter. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.43 billion. Equities analysts predict that ACERINOX SA/ADR will post 0.36 earnings per share for the current 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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