Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 10.7% – Time to Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) dropped 10.7% during mid-day trading on Friday . The company traded as low as $0.92 and last traded at $0.92. Approximately 59,000 shares were traded during trading, a decline of 5% from the average daily volume of 62,247 shares. The stock had previously closed at $1.03.

Wall Street Analyst Weigh In

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

Usinas Siderurgicas de Minas Gerais Trading Down 8.7%

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 firm has a 50-day moving average of $0.96 and a 200-day moving average of $0.91. The firm has a market capitalization of $514.95 million, a P/E ratio of -1.92 and a beta of 1.48.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. On average, equities research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

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.