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

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

Analyst Ratings Changes

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

Usinas Siderurgicas de Minas Gerais Trading Up 5.6%

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 firm has a market cap of $1.03 billion, a price-to-earnings ratio of -4.82 and a beta of 1.32. The business has a 50 day moving average price of $1.37 and a 200-day moving average price of $1.23.

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