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

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

Analyst Upgrades and Downgrades

Separately, Zacks Research cut 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 data from MarketBeat, Usinas Siderurgicas de Minas Gerais currently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Down 2.4%

The stock has a market cap of $679.30 million, a P/E ratio of -3.65, a price-to-earnings-growth ratio of 0.12 and a beta of 1.46. The stock’s 50-day moving average is $1.59 and its two-hundred day moving average is $1.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.54 and a quick ratio of 2.96.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) 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 the consensus estimate 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%. Equities research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.27 EPS for the current 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.