Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading Down 4% – What’s Next?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report) were down 4% on Wednesday . The stock traded as low as $1.87 and last traded at $1.87. Approximately 11,091 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 175,807 shares. The stock had previously closed at $1.9474.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

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Usinas Siderurgicas de Minas Gerais Trading Down 6.0%

The stock’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $1.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.54 and a quick ratio of 2.96. The firm has a market cap of $947.73 million, a PE ratio of -4.44, a PEG ratio of 0.15 and a beta of 1.42.

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 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $6.63 billion. On average, sell-side analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.3 earnings per share for the current year.

About Usinas Siderurgicas de Minas Gerais

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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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