Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Unusually-High Trading Volume After Better-Than-Expected Earnings

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) saw strong trading volume on Friday following a better than expected earnings announcement. 188,420 shares changed hands during mid-day trading, an increase of 207% from the previous session’s volume of 61,309 shares.The stock last traded at $0.97 and had previously closed at $0.96.

The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Usinas Siderurgicas de Minas Gerais had a return on equity of 1.62% and a net margin of 1.66%.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The firm has a market capitalization of $542.07 million, a P/E ratio of 19.79 and a beta of 1.40. The firm has a 50-day moving average price of $0.87 and a two-hundred day moving average price of $0.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.26 and a quick ratio of 2.56.

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.