Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 4% – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price fell 4% on Wednesday . The company traded as low as $1.87 and last traded at $1.87. 11,091 shares traded hands during trading, a decline of 94% from the average session volume of 175,807 shares. The stock had previously closed at $1.9474.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Usinas Siderurgicas de Minas Gerais currently has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Down 1.2%

The company has a market cap of $1.05 billion, a PE ratio of -4.94, a price-to-earnings-growth ratio of 0.17 and a beta of 1.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.54 and a quick ratio of 2.96. The company has a 50-day moving average of $1.75 and a 200 day moving average of $1.40.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%. Analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.3 earnings per share for the current year.

About Usinas Siderurgicas de Minas Gerais

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.