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

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 downgraded ACERINOX SA/ADR from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th.

ACERINOX SA/ADR traded down $0.07, reaching $6.52, during trading on Wednesday, according to Marketbeat.com. 402 shares of the company’s stock were exchanged, compared to its average volume of 541. ACERINOX SA/ADR has a fifty-two week low of $6.17 and a fifty-two week high of $7.73. The firm has a market capitalization of $3.64 billion, a PE ratio of 13.59 and a beta of 0.99. The company has a current ratio of 1.76, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48.

ACERINOX SA/ADR (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, April 27th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. research analysts anticipate that ACERINOX SA/ADR will post 0.49 EPS for the current year.

About ACERINOX SA/ADR

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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