Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Up 6.5% – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZYGet Free Report) traded up 6.5% during mid-day trading on Tuesday . The company traded as high as $1.32 and last traded at $1.32. 66,470 shares changed hands during trading, a decline of 56% from the average session volume of 149,536 shares. The stock had previously closed at $1.24.

Usinas Siderurgicas de Minas Gerais Trading Down 3.1%

The stock’s 50 day simple moving average is $1.21 and its two-hundred day simple moving average is $1.03. The stock has a market capitalization of $684.78 million, a PE ratio of -2.72 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.21 and a quick ratio of 2.64.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZYGet Free Report) last issued its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.13% and a positive return on equity of 1.94%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. On average, sell-side analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current year.

About Usinas Siderurgicas de Minas Gerais

(Get Free Report)

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.

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