Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Rating Upgraded by Zacks Research

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Usinas Siderurgicas de Minas Gerais Stock Performance

OTCMKTS:USNZY opened at $1.37 on Monday. The stock’s fifty day moving average is $1.27 and its 200 day moving average is $1.14. Usinas Siderurgicas de Minas Gerais has a fifty-two week low of $0.70 and a fifty-two week high of $1.49. The firm has a market capitalization of $750.51 million, a PE ratio of -2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.67 and a current ratio of 4.12.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%. On average, sell-side analysts anticipate that Usinas Siderurgicas de Minas Gerais will post 0.09 earnings per share 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.