Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sets New 12-Month High – Time to Buy?

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 $1.9825 and last traded at $1.92, with a volume of 31554 shares changing hands. The stock had previously closed at $1.89.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The firm has a market capitalization of $1.06 billion, a PE ratio of -4.96 and a beta of 1.32. The company has a current ratio of 4.12, a quick ratio of 2.67 and a debt-to-equity ratio of 0.27. The business’s 50 day simple moving average is $1.45 and its two-hundred day simple moving average is $1.27.

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%. Research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.21 earnings per share for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

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.