Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Rating Increased 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 report issued on Tuesday, August 26th,Zacks.com reports.

Usinas Siderurgicas de Minas Gerais Stock Down 1.2%

Shares of OTCMKTS USNZY traded down $0.01 during trading on Tuesday, hitting $0.85. 780 shares of the company traded hands, compared to its average volume of 57,758. The business's fifty day moving average is $0.82 and its 200 day moving average is $0.94. Usinas Siderurgicas de Minas Gerais has a fifty-two week low of $0.70 and a fifty-two week high of $1.30. The firm has a market capitalization of $465.65 million, a price-to-earnings ratio of 17.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 4.26.

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 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $6.74 billion. Equities research analysts predict that Usinas Siderurgicas de Minas Gerais will post 0.09 earnings per share for the current fiscal 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.