Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading Down 10.7% – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZYGet Free Report)’s share price was down 10.7% during trading on Friday . The company traded as low as $0.92 and last traded at $0.92. Approximately 59,000 shares traded hands during trading, a decline of 5% from the average daily volume of 62,247 shares. The stock had previously closed at $1.03.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Research Report on Usinas Siderurgicas de Minas Gerais

Usinas Siderurgicas de Minas Gerais Trading Down 8.7%

The company has a quick ratio of 2.64, a current ratio of 4.21 and a debt-to-equity ratio of 0.26. The firm has a market cap of $514.95 million, a PE ratio of -1.92 and a beta of 1.48. The stock’s fifty day simple moving average is $0.96 and its two-hundred day simple moving average is $0.91.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZYGet Free Report) last released its earnings results on Friday, October 24th. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%. On average, sell-side analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

(Get Free Report)

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.

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