Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped up prior to trading on Monday . The stock had previously closed at $1.28, but opened at $1.37. Usinas Siderurgicas de Minas Gerais shares last traded at $1.35, with a volume of 6,683 shares trading hands.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Usinas Siderurgicas de Minas Gerais has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Up 5.9%

The stock’s 50-day moving average price is $1.56 and its 200-day moving average price is $1.53. The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26. The stock has a market cap of $742.41 million, a price-to-earnings ratio of -3.99, a P/E/G ratio of 0.12 and a beta of 1.47.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, topping 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. On average, sell-side analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.27 earnings per share 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.