Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Reaches New 1-Year High – Still a Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares reached a new 52-week high during trading on Friday . The stock traded as high as $2.35 and last traded at $2.21, with a volume of 123576 shares traded. The stock had previously closed at $2.23.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Usinas Siderurgicas de Minas Gerais has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock has a market capitalization of $1.20 billion, a PE ratio of -5.61 and a beta of 1.42. The stock has a fifty day moving average of $1.62 and a 200-day moving average of $1.34. The company has a quick ratio of 2.96, a current ratio of 4.54 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations 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%. Equities analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.3 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.