Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 5.7% – What’s Next?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) were down 5.7% during trading on Wednesday . The company traded as low as $1.32 and last traded at $1.32. 23,429 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 150,469 shares. The stock had previously closed at $1.40.

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Price Performance

The firm’s 50 day simple moving average is $1.54 and its 200 day simple moving average is $1.53. The company has a market capitalization of $723.12 million, a PE ratio of -3.88, a price-to-earnings-growth ratio of 0.13 and a beta of 1.46. 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 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 positive return on equity of 5.60% and a negative net margin of 8.87%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.27 EPS for the current fiscal 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.