Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 52-Week High - Here's Why

Key Points

• Usinas Siderurgicas de Minas Gerais shares hit a new 52-week high, trading as high as $1.62 (last $1.60) on volume of 165,602 and were up about 3.2%, with 50-day/200-day moving averages at $1.31/$1.19 and a market cap of $876.5M.
• Zacks Research upgraded the stock from "hold" to "strong-buy", and MarketBeat reports a consensus rating of Strong Buy.
• The company missed quarterly estimates—EPS $0.11 vs. $0.13 expected and revenue $1.11B vs. $6.63B expected—reporting a negative net margin (-10.22%) but a positive return on equity (4.13%).

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $1.62 and last traded at $1.60, with a volume of 165602 shares. The stock had previously closed at $1.55.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Usinas Siderurgicas de Minas Gerais from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Usinas Siderurgicas de Minas Gerais currently has a consensus rating of "Strong Buy".

Usinas Siderurgicas de Minas Gerais Stock Up 3.2%

The company's fifty day moving average price is $1.31 and its 200-day moving average price is $1.19. The stock has a market capitalization of $876.51 million, a PE ratio of -4.10 and a beta of 1.28. The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last released its earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $6.63 billion. Analysts forecast 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.

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