Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
Usinas Siderurgicas de Minas Gerais Stock Up 0.6%
Shares of USNZY opened at $1.78 on Tuesday. Usinas Siderurgicas de Minas Gerais has a one year low of $0.70 and a one year high of $1.83. The company has a market cap of $975.12 million, a P/E ratio of -4.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.12 and a quick ratio of 2.67. The firm has a 50 day simple moving average of $1.37 and a two-hundred day simple moving average of $1.23.
Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last announced its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $6.63 billion. Research analysts forecast that Usinas Siderurgicas de Minas Gerais will post 0.21 EPS for the current fiscal 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.
See Also
- Five stocks we like better than Usinas Siderurgicas de Minas Gerais
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Receive News & Ratings for Usinas Siderurgicas de Minas Gerais Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Usinas Siderurgicas de Minas Gerais and related companies with MarketBeat.com's FREE daily email newsletter.
