Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) saw strong trading volume on Thursday . 780,960 shares changed hands during mid-day trading, an increase of 360% from the previous session’s volume of 169,651 shares.The stock last traded at $2.03 and had previously closed at $2.05.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered 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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Price Performance

The stock’s 50-day moving average is $1.69 and its 200-day moving average is $1.37. The firm has a market cap of $1.11 billion, a P/E ratio of -5.22 and a beta of 1.42. 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 announced its earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%.The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $6.63 billion. As a group, equities analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.3 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.