Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading Down 7.9% – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) traded down 7.9% during trading on Friday . The company traded as low as $1.16 and last traded at $1.17. 30,078 shares were traded during trading, a decline of 80% from the average daily volume of 151,307 shares. The stock had previously closed at $1.27.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Usinas Siderurgicas de Minas Gerais has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Trading Down 5.2%

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 company has a 50-day moving average price of $1.66 and a 200-day moving average price of $1.53. The company has a market capitalization of $701.21 million, a price-to-earnings ratio of -3.76, a P/E/G ratio of 0.13 and a beta of 1.46.

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