Acerinox (ANIOY) Rating Increased to Hold at Zacks Investment Research

Acerinox (OTCMKTS:ANIOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

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 raised shares of Acerinox from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd.

Shares of Acerinox (OTCMKTS:ANIOY) traded down $0.04 during trading on Thursday, reaching $6.75. 14,181 shares of the company were exchanged, compared to its average volume of 20,538. The stock has a market cap of $3,842.86, a price-to-earnings ratio of 10.71 and a beta of 1.23. Acerinox has a 1 year low of $6.17 and a 1 year high of $7.73.

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Acerinox 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.

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