Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 5.7% – Time to Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) was down 5.7% on Wednesday . The stock traded as low as $1.32 and last traded at $1.32. 23,429 shares changed hands during trading, a decline of 84% from the average session volume of 150,469 shares. The stock had previously closed at $1.40.

Analyst Ratings Changes

Separately, Zacks Research cut 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 MarketBeat.com, the company has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a market cap of $761.47 million, a price-to-earnings ratio of -4.09, a P/E/G ratio of 0.13 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.54 and a quick ratio of 2.96. The firm has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $1.53.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.60%. On average, sell-side analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.27 earnings per share 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.