Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Usinas Siderurgicas de Minas Gerais Stock Performance

OTCMKTS:USNZY opened at $1.78 on Tuesday. The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27. Usinas Siderurgicas de Minas Gerais has a fifty-two week low of $0.70 and a fifty-two week high of $1.83. The stock has a market cap of $975.12 million, a PE ratio of -4.56 and a beta of 1.32. The firm’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.23.

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 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $6.63 billion. Analysts expect that Usinas Siderurgicas de Minas Gerais will post 0.21 earnings per share 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.