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

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

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Price Performance

The stock has a market capitalization of $723.12 million, a price-to-earnings ratio of -3.88, a P/E/G 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. The stock has a fifty day moving average of $1.54 and a 200-day moving average of $1.53.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. On average, equities research analysts predict 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.