Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down – What’s Next?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped down before the market opened on Friday . The stock had previously closed at $1.93, but opened at $1.75. Usinas Siderurgicas de Minas Gerais shares last traded at $1.83, with a volume of 613 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Usinas Siderurgicas de Minas Gerais presently has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Down 0.5%

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

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings results 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). The company 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%. Equities analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.21 EPS for the current 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.