Acerinox (OTCMKTS:ANIOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

Other analysts also recently issued research reports about the company. ValuEngine raised Acerinox from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. Jefferies Group raised Acerinox from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Shares of Acerinox (OTCMKTS:ANIOY) traded down $0.02 during trading on Tuesday, hitting $7.12. The stock had a trading volume of 9,259 shares, compared to its average volume of 25,177. The company has a market capitalization of $3,942.80 and a price-to-earnings ratio of 19.78. Acerinox has a 12 month low of $6.17 and a 12 month high of $7.56.

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About Acerinox

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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