Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – Still a Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped up before the market opened on Wednesday . The stock had previously closed at $1.2850, but opened at $1.37. Usinas Siderurgicas de Minas Gerais shares last traded at $1.2850, with a volume of 5,611 shares.

Usinas Siderurgicas de Minas Gerais Price 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 50 day moving average of $1.16 and a 200-day moving average of $1.00. The firm has a market capitalization of $723.12 million, a P/E ratio of -2.69 and a beta of 1.32.

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.