Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sets New 12-Month High – Still a Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $1.83 and last traded at $1.7155, with a volume of 254621 shares changing hands. The stock had previously closed at $1.68.

Analyst Ratings Changes

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Usinas Siderurgicas de Minas Gerais Price Performance

The stock has a market capitalization of $980.59 million, a PE ratio of -4.59 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 stock’s 50-day moving average is $1.34 and its 200 day moving average is $1.21.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted 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 company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. As a group, equities analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.12 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.