Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Strong Trading Volume – Still a Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares saw unusually-high trading volume on Monday . Approximately 150,000 shares were traded during trading, a decline of 4% from the previous session’s volume of 156,498 shares.The stock last traded at $1.62 and had previously closed at $1.60.

Analyst Ratings Changes

Separately, Zacks Research cut 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 investment analyst has rated the stock with a Hold rating, According to MarketBeat, Usinas Siderurgicas de Minas Gerais presently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Price Performance

The stock has a market cap of $925.60 million, a price-to-earnings ratio of -4.33, a P/E/G ratio of 0.16 and a beta of 1.46. The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $1.82 and its two-hundred day moving average is $1.51.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%. As a group, research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.27 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.