Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 6.1% – Should You Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price traded down 6.1% during mid-day trading on Wednesday . The company traded as low as $1.07 and last traded at $1.07. 48,065 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 62,182 shares. The stock had previously closed at $1.14.

Analyst Ratings Changes

Separately, Zacks Research raised Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock’s 50 day simple moving average is $1.02 and its two-hundred day simple moving average is $0.92. The company has a market capitalization of $599.86 million, a P/E ratio of -2.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.21 and a quick ratio of 2.64.

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

Usinas Siderurgicas de Minas Gerais Company Profile

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.