Acerinox (OTCMKTS:ANIOY) Shares Pass Below 50-Day Moving Average of $5.11

Acerinox, S.A. (OTCMKTS:ANIOYGet Rating) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.11 and traded as low as $4.46. Acerinox shares last traded at $4.46, with a volume of 7,600 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ANIOY shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Acerinox from €18.00 ($18.56) to €19.00 ($19.59) and gave the company a “buy” rating in a report on Thursday, May 12th. JPMorgan Chase & Co. decreased their price target on shares of Acerinox from €20.25 ($20.88) to €17.00 ($17.53) in a report on Thursday, April 28th. Finally, Morgan Stanley lifted their price target on shares of Acerinox from €13.30 ($13.71) to €13.50 ($13.92) in a report on Friday, July 8th.

Acerinox Stock Performance

The stock’s 50 day moving average price is $5.11 and its 200 day moving average price is $5.55. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.41 billion, a PE ratio of 3.60 and a beta of 1.56.

About Acerinox

(Get Rating)

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe. The company offers flat products, including coil cold rollings, hot rolled and black coils, teardrop steel or coils, and hot and cold rolled sheets, as well as roughing materials, discs, billets, and plates.

Further Reading

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