Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 1-Year High – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares hit a new 52-week high during trading on Monday . The company traded as high as $1.21 and last traded at $1.21, with a volume of 10009 shares traded. The stock had previously closed at $1.07.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. 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 an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Down 0.5%

The stock has a market cap of $583.43 million, a PE ratio of -2.17 and a beta of 1.34. The company has a quick ratio of 2.64, a current ratio of 4.21 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $0.98 and its 200 day moving average price is $0.91.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. On average, sell-side analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current year.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.