Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Down 4.5% – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares dropped 4.5% on Wednesday . The stock traded as low as $1.04 and last traded at $1.05. Approximately 69,403 shares changed hands during trading, an increase of 12% from the average daily volume of 62,244 shares. The stock had previously closed at $1.10.

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.64 and a current ratio of 4.21. The company has a market cap of $575.21 million, a PE ratio of -2.14 and a beta of 1.34. The business’s 50-day moving average is $1.04 and its 200 day moving average is $0.92.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings results on Friday, October 24th. The basic materials company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. On average, equities research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA (OTCMKTS: USNZY), widely known as Usiminas, is one of Brazil’s leading integrated steel producers. The company operates across the full steel value chain, from iron ore mining to the manufacture and distribution of flat steel products. Its portfolio includes hot- and cold-rolled coils, coated sheets, tin plates, plates and tubular products, which serve a broad array of end markets such as construction, automotive, packaging, machinery and energy.

Founded in the mid-1950s through a partnership between Brazilian and international investors, Usiminas is headquartered in Belo Horizonte and maintains its principal steelmaking facilities in Ipatinga, Minas Gerais, as well as secondary operations in Cubatão (São Paulo) and Santa Cruz.