Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Upgraded to Hold at Zacks Research

Key Points

• Usinas Siderurgicas de Minas Gerais has been upgraded from a "strong sell" to a "hold" rating by Zacks Research.
• The company reported $0.01 EPS for the last quarter, missing estimates of $0.02, with revenues of $1.17 billion compared to a consensus of $6.74 billion.
• As of Tuesday, Usinas Siderurgicas de Minas Gerais stock rose 6.4%, with a current market price of $0.83.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Usinas Siderurgicas de Minas Gerais Stock Up 6.4%

Shares of Usinas Siderurgicas de Minas Gerais stock opened at $0.83 on Tuesday. The stock has a market capitalization of $454.69 million, a P/E ratio of 16.60 and a beta of 1.47. The company has a quick ratio of 2.56, a current ratio of 4.26 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $0.83 and a two-hundred day moving average price of $0.94. Usinas Siderurgicas de Minas Gerais has a 12-month low of $0.70 and a 12-month high of $1.30.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last announced its 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). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $6.74 billion. Usinas Siderurgicas de Minas Gerais had a return on equity of 1.62% and a net margin of 1.66%. Equities analysts expect that Usinas Siderurgicas de Minas Gerais 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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