Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 1-Year High – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZYGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $1.21 and last traded at $1.21, with a volume of 10009 shares changing hands. The stock had previously closed at $1.07.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Usinas Siderurgicas de Minas Gerais presently has an average rating of “Hold”.

Get Our Latest Stock Analysis on USNZY

Usinas Siderurgicas de Minas Gerais Trading Down 0.5%

The stock has a 50 day moving average of $0.98 and a 200-day moving average of $0.91. The company has a market capitalization of $583.43 million, a P/E ratio of -2.17 and a beta of 1.34. 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:USNZYGet Free Report) last released its earnings results on Friday, October 24th. The basic materials company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. On average, research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current year.

About Usinas Siderurgicas de Minas Gerais

(Get Free Report)

Usinas SiderĂșrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.

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