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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report) 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 changing hands.

Wall Street Analysts Forecast Growth

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

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Usinas Siderurgicas de Minas Gerais Stock Down 2.9%

The firm has a market capitalization of $739.56 million, a PE ratio of -3.97, a P/E/G ratio of 0.13 and a beta of 1.46. 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 company has a 50-day moving average price of $1.52 and a 200 day moving average price of $1.53.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.60% and a negative net margin of 8.87%. Analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.27 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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