Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 12-Month High – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) reached a new 52-week high on Thursday . The stock traded as high as $1.83 and last traded at $1.83, with a volume of 7614 shares traded. The stock had previously closed at $1.78.

Wall Street Analyst Weigh In

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

Usinas Siderurgicas de Minas Gerais Price Performance

The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -4.82 and a beta of 1.32. The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $1.37 and a 200 day simple moving average of $1.23.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%. As a group, research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.21 EPS for the current 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.