Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 52-Week High – Time to Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1.40 and last traded at $1.40, with a volume of 169832 shares trading hands. The stock had previously closed at $1.3050.

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock has a market cap of $761.47 million, a P/E ratio of -2.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.21 and a quick ratio of 2.64. The company has a fifty day moving average of $1.12 and a 200 day moving average of $0.98.

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.