Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Strong Trading Volume – Still a Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares saw strong trading volume on Monday . Approximately 150,000 shares traded hands during mid-day trading, a decline of 4% from the previous session’s volume of 156,498 shares.The stock last traded at $1.62 and had previously closed at $1.60.

Analysts Set New Price Targets

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 data from MarketBeat, the company has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Up 5.6%

The firm has a market capitalization of $925.60 million, a price-to-earnings ratio of -4.33, a PEG ratio of 0.16 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.96 and a current ratio of 4.54. The company has a 50-day moving average price of $1.82 and a 200-day moving average price of $1.51.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results 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). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations 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%. As a group, research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.27 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.