Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 12-Month High – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $2.35 and last traded at $2.21, with a volume of 123576 shares traded. The stock had previously closed at $2.23.

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 report on Tuesday, May 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Usinas Siderurgicas de Minas Gerais has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Down 1.3%

The company has a quick ratio of 2.96, a current ratio of 4.54 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.21 billion, a P/E ratio of -5.64 and a beta of 1.42. The firm has a 50-day moving average price of $1.64 and a two-hundred day moving average price of $1.34.

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 for the quarter, missing the consensus estimate of $0.13 by ($0.02). Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $6.63 billion. Equities research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.3 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.