Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down – Time to Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $1.63, but opened at $1.53. Usinas Siderurgicas de Minas Gerais shares last traded at $1.5950, with a volume of 11,766 shares traded.

Analyst Upgrades and Downgrades

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

Usinas Siderurgicas de Minas Gerais Trading Up 1.8%

The stock has a market capitalization of $909.38 million, a price-to-earnings ratio of -4.26, a P/E/G ratio of 0.14 and a beta of 1.42. 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 firm has a fifty day moving average of $1.82 and a 200-day moving average of $1.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued 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). Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $6.63 billion. As a group, equities analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.28 earnings per share for the current fiscal 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.