Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 1-Year High – Should You Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price hit a new 52-week high on Saturday . The stock traded as high as $1.50 and last traded at $1.48, with a volume of 419811 shares. The stock had previously closed at $1.3950.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Usinas Siderurgicas de Minas Gerais from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock has a market cap of $810.77 million, a PE ratio of -3.79 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 company’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.17.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. On average, sell-side analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.12 EPS 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.