Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – Time to Buy?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped up before the market opened on Friday . The stock had previously closed at $2.0328, but opened at $2.14. Usinas Siderurgicas de Minas Gerais shares last traded at $2.1050, with a volume of 33,428 shares trading hands.

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock has a market cap of $1.16 billion, a P/E ratio of -5.41, a PEG ratio of 0.17 and a beta of 1.42. The business has a 50 day moving average price of $1.71 and a 200 day moving average price of $1.38. The company has a quick ratio of 2.96, a current ratio of 4.54 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its earnings results on Friday, April 24th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.3 EPS 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.