Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped down prior to trading on Tuesday . The stock had previously closed at $1.0365, but opened at $0.8860. Usinas Siderurgicas de Minas Gerais shares last traded at $1.03, with a volume of 13,082 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. One research 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 Stock Performance

The company has a fifty day simple moving average of $0.96 and a 200-day simple moving average of $0.91. The company has a current ratio of 4.21, a quick ratio of 2.64 and a debt-to-equity ratio of 0.26. The stock has a market cap of $564.25 million, a price-to-earnings ratio of -2.10 and a beta of 1.48.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings results on Friday, October 24th. The basic materials company reported $0.01 EPS for the quarter, beating 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 1.22%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. On average, research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share 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.