Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $2.13, but opened at $2.2250. Usinas Siderurgicas de Minas Gerais shares last traded at $2.22, with a volume of 63,032 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.
Read Our Latest Research Report on USNZY
Usinas Siderurgicas de Minas Gerais Price Performance
Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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%. Research analysts expect 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.
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