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Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Large Volume Increase - Still a Buy?

Usinas Siderurgicas de Minas Gerais logo with Basic Materials background

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 273,697 shares traded hands during trading, an increase of 450% from the previous session's volume of 49,732 shares.The stock last traded at $0.92 and had previously closed at $0.92.

Usinas Siderurgicas de Minas Gerais Stock Down 5.5%

The company has a current ratio of 4.26, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $474.96 million, a PE ratio of 43.37 and a beta of 1.56. The stock's fifty day simple moving average is $0.98 and its 200-day simple moving average is $0.98.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. Usinas Siderurgicas de Minas Gerais had a return on equity of 0.67% and a net margin of 0.69%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $6.50 billion. As a group, sell-side analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

(Get Free Report)

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.

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