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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares gapped down before the market opened on Friday . The stock had previously closed at $1.39, but opened at $1.31. Usinas Siderurgicas de Minas Gerais shares last traded at $1.29, with a volume of 6,533 shares traded.

Analyst Upgrades and Downgrades

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

Usinas Siderurgicas de Minas Gerais Stock Down 2.9%

The company has a market cap of $739.56 million, a price-to-earnings ratio of -3.97, a price-to-earnings-growth ratio of 0.13 and a beta of 1.46. The stock has a 50-day simple moving average of $1.51 and a 200-day simple moving average of $1.53. The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.60%. As a group, analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.27 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.