Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Reaches New 12-Month High – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $1.2250 and last traded at $1.2250, with a volume of 4000 shares changing hands. The stock had previously closed at $1.1750.

Usinas Siderurgicas de Minas Gerais Price Performance

The firm has a market cap of $671.08 million, a price-to-earnings ratio of -2.50 and a beta of 1.33. The company’s fifty day moving average is $1.07 and its 200 day moving average is $0.93. The company has a quick ratio of 2.64, a current ratio of 4.21 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. On average, equities research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current 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.