Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading Up 7.9% - Here's Why

Key Points

• Usinas Siderurgicas de Minas Gerais stock rose by 7.9%, trading at $0.94, though the trading volume was down significantly at 6,900 shares compared to an average of 57,155 shares.
• Zacks Research upgraded the company's rating from "strong sell" to "hold", indicating a cautious improvement in analyst sentiment.
• The company reported earnings per share of $0.01 for the last quarter, missing estimates of $0.02, with revenues of $1.17 billion against a forecast of $6.74 billion.

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) was up 7.9% on Monday . The company traded as high as $0.94 and last traded at $0.94. Approximately 6,900 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 57,155 shares. The stock had previously closed at $0.87.

Wall Street Analysts Forecast Growth

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

Usinas Siderurgicas de Minas Gerais Stock Performance

The business's fifty day moving average is $0.83 and its two-hundred day moving average is $0.93. The company has a market capitalization of $487.56 million, a PE ratio of 17.80 and a beta of 1.41. 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 released its quarterly earnings results on Friday, July 25th. The basic materials company reported $0.01 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $6.74 billion. Equities research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current year.

About Usinas Siderurgicas de Minas Gerais

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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