Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 52-Week High – Here’s Why

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $1.62 and last traded at $1.60, with a volume of 165602 shares changing hands. The stock had previously closed at $1.55.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Usinas Siderurgicas de Minas Gerais from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a market capitalization of $876.51 million, a PE ratio of -4.10 and a beta of 1.28. The business’s fifty day moving average is $1.31 and its two-hundred day moving average is $1.19. The company has a current ratio of 4.12, a quick ratio of 2.67 and a debt-to-equity ratio of 0.27.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced 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 analysts’ expectations of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. Equities research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.12 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.