Zacks Research Downgrades Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) to Hold

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Usinas Siderurgicas de Minas Gerais Price Performance

OTCMKTS USNZY opened at $1.78 on Tuesday. Usinas Siderurgicas de Minas Gerais has a fifty-two week low of $0.70 and a fifty-two week high of $1.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.67 and a current ratio of 4.12. The company has a market capitalization of $975.12 million, a PE ratio of -4.56 and a beta of 1.32. The business’s fifty day moving average is $1.37 and its 200 day moving average is $1.23.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%. Sell-side analysts predict that Usinas Siderurgicas de Minas Gerais will post 0.21 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.