Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – What’s Next?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $1.63, but opened at $1.75. Usinas Siderurgicas de Minas Gerais shares last traded at $1.76, with a volume of 8,867 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded 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, Usinas Siderurgicas de Minas Gerais presently has a consensus rating of “Hold”.

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Usinas Siderurgicas de Minas Gerais Stock Performance

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 stock has a market cap of $909.38 million, a PE ratio of -4.26, a PEG ratio of 0.14 and a beta of 1.46. The company’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $1.45.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last announced 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). 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 during the quarter, compared to analysts’ expectations of $6.63 billion. On average, equities research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS for the current year.

Usinas Siderurgicas de Minas Gerais Company Profile

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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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