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Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading 1.1% Higher - Time to Buy?

Usinas Siderurgicas de Minas Gerais logo with Basic Materials background

Key Points

  • Usinas Siderurgicas de Minas Gerais SA's stock price increased by 1.1% to $0.90, trading volume fell 57% from its average.
  • Zacks Research upgraded the company's rating from "strong sell" to "hold", contributing to the stock's current average rating of "Hold".
  • In its latest earnings report, the firm missed consensus estimates by reporting $0.01 EPS on revenue of $1.17 billion, significantly below the $6.74 billion analyst estimate.
  • Five stocks to consider instead of Usinas Siderurgicas de Minas Gerais.

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report)'s stock price traded up 1.1% on Monday . The company traded as high as $0.93 and last traded at $0.90. 40,260 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 94,427 shares. The stock had previously closed at $0.89.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Usinas Siderurgicas de Minas Gerais from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Usinas Siderurgicas de Minas Gerais has an average rating of "Hold".

View Our Latest Stock Analysis on Usinas Siderurgicas de Minas Gerais

Usinas Siderurgicas de Minas Gerais Trading Up 1.1%

The firm has a market cap of $493.04 million, a PE ratio of 18.00 and a beta of 1.41. The company has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $0.92. The company has a current ratio of 4.26, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31.

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

See Also

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