ACERINOX SA/ADR (OTCMKTS:ANIOY) Stock Rating Lowered by Zacks Investment Research

ACERINOX SA/ADR (OTCMKTS:ANIOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, 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. “

Separately, Deutsche Bank raised shares of ACERINOX SA/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

ANIOY remained flat at $$4.08 during midday trading on Wednesday. The company has a fifty day moving average price of $4.26 and a 200 day moving average price of $4.80. ACERINOX SA/ADR has a 1-year low of $4.05 and a 1-year high of $7.17. The firm has a market capitalization of $2.21 billion, a PE ratio of 8.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.15 and a current ratio of 1.96.

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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