Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading 11.8% Higher – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price traded up 11.8% during trading on Thursday . The stock traded as high as $1.99 and last traded at $1.99. 2,700 shares traded hands during trading, a decline of 98% from the average session volume of 151,136 shares. The stock had previously closed at $1.78.

Wall Street Analysts Forecast Growth

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

Usinas Siderurgicas de Minas Gerais Price Performance

The firm’s 50-day moving average is $1.50 and its 200-day moving average is $1.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.54 and a quick ratio of 2.67. The company has a market capitalization of $1.10 billion, a P/E ratio of -5.15 and a beta of 1.32.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. Analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.21 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.