Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Down 6.1% – Time to Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price dropped 6.1% on Wednesday . The stock traded as low as $1.07 and last traded at $1.07. Approximately 48,065 shares changed hands during trading, a decline of 23% from the average daily volume of 62,182 shares. The stock had previously closed at $1.14.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Usinas Siderurgicas de Minas Gerais has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Down 3.9%

The firm has a 50 day simple moving average of $1.02 and a two-hundred day simple moving average of $0.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.21 and a quick ratio of 2.64. The stock has a market cap of $599.86 million, a price-to-earnings ratio of -2.23 and a beta of 1.34.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%. As a group, sell-side analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current year.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas 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.