Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Reaches New 1-Year High – Still a Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $2.35 and last traded at $2.21, with a volume of 123576 shares changing hands. The stock had previously closed at $2.23.

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Price Performance

The company has a quick ratio of 2.96, a current ratio of 4.54 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.20 billion, a PE ratio of -5.61 and a beta of 1.42. The stock has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $1.34.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.11 EPS 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 4.13% and a negative net margin of 10.22%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Equities analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.3 EPS 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.