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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares gapped up before the market opened on Monday . The stock had previously closed at $1.28, but opened at $1.37. Usinas Siderurgicas de Minas Gerais shares last traded at $1.35, with a volume of 6,683 shares traded.

Analyst Upgrades and Downgrades

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

Usinas Siderurgicas de Minas Gerais Trading Down 1.1%

The company has a quick ratio of 2.96, a current ratio of 4.54 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $1.54 and its two-hundred day moving average price is $1.53. The company has a market capitalization of $766.95 million, a PE ratio of -4.12, a price-to-earnings-growth ratio of 0.13 and a beta of 1.46.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.60% and a negative net margin of 8.87%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Sell-side analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.27 earnings per share for the current 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.