ACERINOX SA/ADR (ANIOY) Rating Increased 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 released on Tuesday.

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. “

Separately, ValuEngine cut shares of ACERINOX SA/ADR from a “sell” rating to a “strong sell” rating in a research report on Monday, November 26th.

ANIOY stock opened at $4.87 on Tuesday. ACERINOX SA/ADR has a 12-month low of $4.87 and a 12-month high of $7.73. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 10.15 and a beta of 1.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.10 and a current ratio of 1.84.

ACERINOX SA/ADR Company Profile

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products worldwide. The company operates through Flat Stainless Steel Products, Long Stainless Steel Products, and Other segments. Its flat stainless steel products include billets, black coils, circles, cold rolled coils and sheets, engraved coils/sheets, flat bars, hot rolled coils and sheets, plates, and slabs.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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