Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Down 7.8% – Here’s Why

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) were down 7.8% during mid-day trading on Thursday . The stock traded as low as $1.19 and last traded at $1.19. Approximately 2,541 shares were traded during mid-day trading, a decline of 98% from the average session volume of 152,868 shares. The stock had previously closed at $1.2912.

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Stock Performance

The firm’s 50 day moving average is $1.56 and its two-hundred day moving average is $1.53. The stock has a market capitalization of $701.21 million, a PE ratio of -3.76, a P/E/G ratio of 0.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.96 and a current ratio of 4.54.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.60%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. As a group, research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.27 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.