Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Down 7.8% – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) was down 7.8% during trading on Thursday . The stock traded as low as $1.19 and last traded at $1.19. 2,541 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 152,868 shares. The stock had previously closed at $1.2912.

Wall Street Analyst Weigh In

Separately, Zacks Research cut 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, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Down 2.4%

The stock’s 50 day moving average price is $1.59 and its 200-day moving average price is $1.53. 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 market capitalization of $679.30 million, a PE ratio of -3.65, a PEG ratio of 0.12 and a beta of 1.46.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its 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. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.60%. On average, sell-side analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.27 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.