Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Strong Trading Volume – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares saw unusually-strong trading volume on Friday . Approximately 239,174 shares changed hands during trading, an increase of 75% from the previous session’s volume of 136,452 shares.The stock last traded at $1.49 and had previously closed at $1.3950.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Usinas Siderurgicas de Minas Gerais from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Usinas Siderurgicas de Minas Gerais Stock Up 6.4%

The company has a market cap of $812.96 million, a P/E ratio of -3.23 and a beta of 1.28. The stock has a 50-day moving average of $1.29 and a 200 day moving average of $1.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.12 and a quick ratio of 2.67.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%. Research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.12 earnings per share for the current 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.