Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading 8.7% Higher – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price was up 8.7% during trading on Tuesday . The company traded as high as $1.74 and last traded at $1.74. Approximately 1,646 shares changed hands during trading, a decline of 99% from the average daily volume of 158,088 shares. The stock had previously closed at $1.60.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Down 2.7%

The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26. The firm has a market cap of $873.77 million, a PE ratio of -4.09, a P/E/G ratio of 0.17 and a beta of 1.46. The business’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.52.

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.