Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading Up 6.5% – Still a Buy?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) rose 6.5% during trading on Tuesday . The company traded as high as $1.32 and last traded at $1.32. Approximately 66,470 shares traded hands during trading, a decline of 56% from the average daily volume of 149,536 shares. The stock had previously closed at $1.24.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a fifty day moving average of $1.20 and a two-hundred day moving average of $1.02. The firm has a market capitalization of $739.56 million, a price-to-earnings ratio of -2.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.64 and a current ratio of 4.21.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.94% and a negative net margin of 12.13%.The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, equities research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share 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.