Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 12-Month High - Time to Buy?

Key Points

• New 52-week high: Shares of Usinas Siderurgicas de Minas Gerais (USNZY) reached $1.50 (last $1.48), rising about 6.1% on volume of ~419,811 shares.
• Analyst sentiment: Zacks upgraded the stock from "hold" to Strong Buy, and MarketBeat shows a consensus rating of "Strong Buy".
• Mixed fundamentals: The company reported quarterly EPS of $0.11 (missing estimates by $0.02) and has a negative net margin (−12.13%) and negative P/E (−3.22), but solid liquidity (quick ratio 2.67, current ratio 4.12) and a market cap of about $810.8M.

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) reached a new 52-week high on Saturday . The company traded as high as $1.50 and last traded at $1.48, with a volume of 419811 shares trading hands. The stock had previously closed at $1.3950.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Usinas Siderurgicas de Minas Gerais from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy".

Usinas Siderurgicas de Minas Gerais Stock Up 6.1%

The business's 50-day moving average is $1.29 and its two-hundred day moving average is $1.17. The firm has a market capitalization of $810.77 million, a price-to-earnings ratio of -3.22 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 - Get Free Report) last issued its quarterly earnings data 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 12.13% and a positive return on equity of 1.98%. On average, equities analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.