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

Zacks Research upgraded shares of Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) from a hold rating to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Usinas Siderurgicas de Minas Gerais Stock Performance

Usinas Siderurgicas de Minas Gerais stock opened at $1.37 on Monday. Usinas Siderurgicas de Minas Gerais has a twelve month low of $0.70 and a twelve month high of $1.49. The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $752.98 million, a P/E ratio of -2.99 and a beta of 1.28. The stock’s 50 day moving average is $1.27 and its 200 day moving average is $1.14.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. On average, 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 (OTCMKTS: USNZY), widely known as Usiminas, is one of Brazil’s leading integrated steel producers. The company operates across the full steel value chain, from iron ore mining to the manufacture and distribution of flat steel products. Its portfolio includes hot- and cold-rolled coils, coated sheets, tin plates, plates and tubular products, which serve a broad array of end markets such as construction, automotive, packaging, machinery and energy.

Founded in the mid-1950s through a partnership between Brazilian and international investors, Usiminas is headquartered in Belo Horizonte and maintains its principal steelmaking facilities in Ipatinga, Minas Gerais, as well as secondary operations in Cubatão (São Paulo) and Santa Cruz.