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

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped down prior to trading on Tuesday . The stock had previously closed at $2.06, but opened at $1.98. Usinas Siderurgicas de Minas Gerais shares last traded at $2.06, with a volume of 8,186 shares trading hands.

Analyst Upgrades and Downgrades

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

Usinas Siderurgicas de Minas Gerais Stock Down 3.4%

The firm has a market capitalization of $1.09 billion, a P/E ratio of -5.10, a PEG ratio of 0.17 and a beta of 1.42. The firm’s 50-day moving average is $1.74 and its 200 day moving average is $1.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.96 and a current ratio of 4.54.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $6.63 billion. As a group, equities research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.3 EPS 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.