Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $1.36, but opened at $1.30. Usinas Siderurgicas de Minas Gerais shares last traded at $1.29, with a volume of 42,650 shares changing hands.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 4.21 and a quick ratio of 2.64. The stock has a market capitalization of $684.78 million, a PE ratio of -2.55 and a beta of 1.33. The firm has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $0.95.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current 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.