Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Unusually-High Trading Volume – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares saw unusually-strong trading volume on Wednesday . Approximately 100,193 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 62,957 shares.The stock last traded at $1.04 and had previously closed at $1.05.

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Trading Down 1.0%

The company has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $0.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.64 and a current ratio of 4.21. The company has a market capitalization of $569.73 million, a PE ratio of -2.12 and a beta of 1.34.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.