Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Unusually-High Trading Volume – Should You Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares saw an uptick in trading volume on Thursday . 88,708 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 142,735 shares.The stock last traded at $1.92 and had previously closed at $1.85.

Analysts Set New Price Targets

Separately, Zacks Research cut 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, Based on data from MarketBeat.com, Usinas Siderurgicas de Minas Gerais presently has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Up 4.2%

The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -5.05 and a beta of 1.32. The firm’s fifty day moving average is $1.46 and its 200-day moving average is $1.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.12 and a quick ratio of 2.67.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings results 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. On average, sell-side analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.21 earnings per share 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.