Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 52-Week High – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) hit a new 52-week high on Thursday . The company traded as high as $1.83 and last traded at $1.83, with a volume of 7614 shares. The stock had previously closed at $1.78.

Analyst Ratings Changes

Separately, Zacks Research lowered Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Price Performance

The business has a fifty day moving average price of $1.40 and a 200-day moving average price of $1.25. The company has a current ratio of 4.12, a quick ratio of 2.67 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.05 billion, a PE ratio of -4.92 and a beta of 1.32.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $6.63 billion. Research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.21 EPS for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

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.