Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Down 9.6% – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price dropped 9.6% during trading on Friday . The stock traded as low as $1.23 and last traded at $1.23. Approximately 19,636 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 130,990 shares. The stock had previously closed at $1.36.

Usinas Siderurgicas de Minas Gerais Price Performance

The stock has a market cap of $673.82 million, a PE ratio of -2.51 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.64 and a current ratio of 4.21. The business has a 50 day moving average price of $1.10 and a two-hundred day moving average price of $0.96.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its earnings results on Friday, October 24th. The basic materials company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. The business 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 earnings per share 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.