Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Unusually-High Trading Volume – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares saw unusually-strong trading volume on Friday . Approximately 239,174 shares changed hands during mid-day trading, an increase of 75% from the previous session’s volume of 136,452 shares.The stock last traded at $1.49 and had previously closed at $1.3950.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a market capitalization of $810.77 million, a price-to-earnings ratio of -3.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.67 and a current ratio of 4.12. The firm has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $1.17.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%. On average, sell-side analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.12 EPS for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

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.