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

Key Points

• Usinas Siderurgicas de Minas Gerais saw a significant 162% increase in trading volume, with 153,290 shares changing hands, indicating heightened investor interest.
• Zacks Research upgraded the company's rating from "strong sell" to "hold," reflecting a more optimistic outlook among analysts.
• The company reported a net margin of 1.66% with earnings of $0.01 per share, falling short of expectations, while revenues for the quarter amounted to $1.17 billion.

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 153,290 shares traded hands during mid-day trading, an increase of 162% from the previous session's volume of 58,453 shares.The stock last traded at $0.95 and had previously closed at $0.91.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 4.26. The business has a 50-day simple moving average of $0.84 and a two-hundred day simple moving average of $0.92. The stock has a market cap of $498.24 million, a price-to-earnings ratio of 18.19 and a beta of 1.41.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Usinas Siderurgicas de Minas Gerais had a return on equity of 1.62% and a net margin of 1.66%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $6.74 billion. As a group, research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current year.

Usinas Siderurgicas de Minas Gerais Company Profile

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.