Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped up prior to trading on Monday . The stock had previously closed at $1.25, but opened at $1.35. Usinas Siderurgicas de Minas Gerais shares last traded at $1.28, with a volume of 38,663 shares.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a current ratio of 4.21, a quick ratio of 2.64 and a debt-to-equity ratio of 0.26. The company has a market cap of $706.69 million, a PE ratio of -2.63 and a beta of 1.33. The business has a fifty day moving average of $1.11 and a 200-day moving average of $0.97.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly 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 positive return on equity of 1.22% and a negative net margin of 12.91%.The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Equities research analysts anticipate 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.