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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $1.18, but opened at $1.08. Usinas Siderurgicas de Minas Gerais shares last traded at $1.08, with a volume of 6,488 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of 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 data from MarketBeat.com, the company currently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company’s 50-day moving average price is $0.91 and its 200 day moving average price is $0.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 4.26. The stock has a market capitalization of $558.78 million, a PE ratio of -2.08 and a beta of 1.48.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results on Friday, October 24th. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.19%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. On average, equities research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current fiscal 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.