Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 8.3% – Should You Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price was down 8.3% on Monday . The stock traded as low as $1.77 and last traded at $1.77. Approximately 6,377 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 146,784 shares. The stock had previously closed at $1.93.

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 4.12 and a quick ratio of 2.67. The company has a fifty day moving average price of $1.42 and a 200 day moving average price of $1.26. The stock has a market cap of $975.12 million, a P/E ratio of -4.56 and a beta of 1.32.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its 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). Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%.The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $6.63 billion. On average, equities analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.21 EPS for the current 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.