Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading Down 7.9% – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price dropped 7.9% on Friday . The stock traded as low as $1.16 and last traded at $1.17. 30,078 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 151,307 shares. The stock had previously closed at $1.27.

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Trading Down 5.2%

The company has a 50 day moving average of $1.66 and a 200 day moving average of $1.53. The firm has a market cap of $701.21 million, a P/E ratio of -3.76, a PEG ratio of 0.13 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.96 and a current ratio of 4.54.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.60%. Analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.27 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.