Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped up before the market opened on Monday . The stock had previously closed at $0.95, but opened at $1.02. Usinas Siderurgicas de Minas Gerais shares last traded at $1.02, with a volume of 3,000 shares changing hands.

Analysts Set New Price Targets

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

Usinas Siderurgicas de Minas Gerais Stock Up 8.4%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.64 and a current ratio of 4.21. The stock’s 50 day simple moving average is $0.96 and its 200 day simple moving average is $0.91. The firm has a market cap of $564.25 million, a P/E ratio of -2.10 and a beta of 1.48.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS 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.