Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down – Time to Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $1.30, but opened at $1.18. Usinas Siderurgicas de Minas Gerais shares last traded at $1.25, with a volume of 2,931 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Price Performance

The business has a 50-day moving average of $1.61 and a 200 day moving average of $1.53. The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $698.47 million, a P/E ratio of -3.75, a price-to-earnings-growth ratio of 0.12 and a beta of 1.47.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.60% and a negative net margin of 8.87%. On average, sell-side analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.27 earnings per share 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.