Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – Time to Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $2.0328, but opened at $2.14. Usinas Siderurgicas de Minas Gerais shares last traded at $2.1050, with a volume of 33,428 shares.

Wall Street Analyst Weigh In

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

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a market cap of $1.16 billion, a P/E ratio of -5.41, a PEG ratio of 0.17 and a beta of 1.42. The firm has a 50 day moving average of $1.71 and a 200-day moving average of $1.38. The company has a quick ratio of 2.96, a current ratio of 4.54 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%. As a group, sell-side analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.3 EPS 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.