Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 6.1% – Here’s Why

by · The Markets Daily

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report) fell 6.1% on Wednesday . The stock traded as low as $1.07 and last traded at $1.07. 48,065 shares were traded during mid-day trading, a decline of 23% from the average session volume of 62,182 shares. The stock had previously closed at $1.14.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Check Out Our Latest Report on Usinas Siderurgicas de Minas Gerais

Usinas Siderurgicas de Minas Gerais Trading Down 6.4%

The firm has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $0.92. The firm has a market capitalization of $575.21 million, a P/E ratio of -2.14 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.21 and a quick ratio of 2.64.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last issued its earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%. On average, equities research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

(Get Free Report)

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.

Featured Stories