Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) saw unusually-high trading volume on Friday . Approximately 144,515 shares were traded during trading, a decline of 6% from the previous session’s volume of 153,705 shares.The stock last traded at $2.05 and had previously closed at $1.9544.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Usinas Siderurgicas de Minas Gerais currently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Price Performance

The firm has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $1.30. The company has a market capitalization of $1.14 billion, a PE ratio of -5.32 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 4.54.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data 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 firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%. Equities analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.21 EPS 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.