Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Up 6.5% – Should You Buy?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) traded up 6.5% during mid-day trading on Tuesday . The stock traded as high as $1.32 and last traded at $1.32. 66,470 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 149,536 shares. The stock had previously closed at $1.24.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a market capitalization of $739.56 million, a price-to-earnings ratio of -2.93 and a beta of 1.32. The stock’s 50 day moving average price is $1.20 and its 200 day moving average price is $1.02. The company has a current ratio of 4.21, a quick ratio of 2.64 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its earnings results on Friday, February 13th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.94% and a negative net margin of 12.13%.The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current 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.