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

Key Points

• Shares experienced an intraday surge to 239,174 traded on Friday, a 75% increase from the prior session, with the last trade at $1.49 (prior close $1.3950).
• Zacks Research upgraded Usiminas to a Strong Buy on April 13, and the stock currently carries a MarketBeat consensus rating of Strong Buy.
• The company has a market cap of $812.96M and reported quarterly EPS of $0.11, missing estimates of $0.13 and showing a negative net margin of 12.13% despite a positive return on equity of 1.98%.

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) saw an uptick in trading volume on Friday . 239,174 shares were traded during mid-day trading, an increase of 75% from the previous session's volume of 136,452 shares.The stock last traded at $1.49 and had previously closed at $1.3950.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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, According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Usinas Siderurgicas de Minas Gerais Stock Performance

The firm has a market cap of $812.96 million, a price-to-earnings ratio of -3.23 and a beta of 1.28. The company has a current ratio of 4.12, a quick ratio of 2.67 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average is $1.29 and its 200 day moving average is $1.16.

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 positive return on equity of 1.98% and a negative net margin of 12.13%. 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.