Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 1-Year High – Should You Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $1.2250 and last traded at $1.2250, with a volume of 4000 shares traded. The stock had previously closed at $1.1750.

Usinas Siderurgicas de Minas Gerais Price Performance

The firm has a market cap of $679.30 million, a PE ratio of -2.53 and a beta of 1.33. The firm has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.64 and a current ratio of 4.21.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%. Equities analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal 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.