Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 8.3% – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) fell 8.3% during trading on Monday . The company traded as low as $1.77 and last traded at $1.77. 6,377 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 146,784 shares. The stock had previously closed at $1.93.

Wall Street Analysts Forecast Growth

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

Usinas Siderurgicas de Minas Gerais Trading Down 9.4%

The company has a debt-to-equity ratio of 0.27, a current ratio of 4.12 and a quick ratio of 2.67. The company has a market capitalization of $953.20 million, a price-to-earnings ratio of -4.46 and a beta of 1.32. The business’s 50 day simple moving average is $1.40 and its 200 day simple moving average is $1.25.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. Research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.21 EPS for the current 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.