Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $1.61, but opened at $1.7050. Usinas Siderurgicas de Minas Gerais shares last traded at $1.65, with a volume of 6,818 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded 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, According to MarketBeat.com, the stock has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Up 2.5%

The business has a 50 day moving average of $1.84 and a two-hundred day moving average of $1.50. The firm has a market cap of $903.90 million, a P/E ratio of -4.23, a PEG ratio of 0.16 and a beta of 1.46. The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 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. Analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.27 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.