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 Tuesday morning, 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 $4.05 on Tuesday. ACERINOX SA/ADR has a 12-month low of $4.05 and a 12-month high of $7.17. The business’s fifty day simple moving average is $4.63 and its 200-day simple moving average is $4.93. The company has a market capitalization of $2.24 billion, a PE ratio of 7.94 and a beta of 1.24. 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 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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