Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Up 8.7% – Should You Buy?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) were up 8.7% during trading on Tuesday . The company traded as high as $1.74 and last traded at $1.74. Approximately 1,646 shares were traded during trading, a decline of 99% from the average daily volume of 158,088 shares. The stock had previously closed at $1.60.

Analyst Upgrades and Downgrades

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

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock has a fifty day simple moving average of $1.82 and a two-hundred day simple moving average of $1.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.96 and a current ratio of 4.54. The stock has a market capitalization of $898.42 million, a price-to-earnings ratio of -4.21, a P/E/G ratio of 0.16 and a beta of 1.46.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $6.63 billion. Analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.27 earnings per share for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

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.