Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 1-Year High – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price reached a new 52-week high on Friday . The company traded as high as $1.9825 and last traded at $1.92, with a volume of 31554 shares traded. 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 research report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Usinas Siderurgicas de Minas Gerais has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Up 2.4%

The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $1.45 and its 200-day moving average price is $1.27. The stock has a market capitalization of $1.06 billion, a P/E ratio of -4.96 and a beta of 1.32.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data 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). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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%. As a group, equities research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.21 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.