USINAS SIDERURG/S (OTCMKTS:USNZY) Trading Down 2.8%

USINAS SIDERURG/S (OTCMKTS:USNZY) shares dropped 2.8% during mid-day trading on Monday . The stock traded as low as $1.80 and last traded at $1.80, approximately 16,000 shares were traded during trading. A decline of 47% from the average daily volume of 30,013 shares. The stock had previously closed at $1.85.

USNZY has been the topic of several recent analyst reports. ValuEngine raised USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Goldman Sachs Group downgraded USINAS SIDERURG/S from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 19th. Morgan Stanley downgraded USINAS SIDERURG/S from an “overweight” rating to a “hold” rating in a research note on Tuesday, June 11th. JPMorgan Chase & Co. downgraded USINAS SIDERURG/S from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research downgraded USINAS SIDERURG/S from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $2.50.

The stock has a 50 day simple moving average of $2.28 and a 200-day simple moving average of $2.32.

The business also recently announced a None dividend, which was paid on Thursday, July 25th. Stockholders of record on Friday, July 12th were given a dividend of $0.003 per share. The ex-dividend date of this dividend was Thursday, July 11th.

USINAS SIDERURG/S Company Profile (OTCMKTS:USNZY)

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company's products include heavy plates, sincron, hot and cold rolled products, laser welded assemblies, slits/rolls, blanks, and hot-dip galvanized and electrogalvanized coils and sheets.

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