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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $1.55, but opened at $1.45. Usinas Siderurgicas de Minas Gerais shares last traded at $1.45, with a volume of 133,279 shares traded.

Usinas Siderurgicas de Minas Gerais Trading Down 2.6%

The business has a fifty day simple moving average of $1.47 and a 200 day simple moving average of $1.55. The stock has a market cap of $821.73 million, a price-to-earnings ratio of -4.41, a PEG ratio of 0.14 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.49% and a negative net margin of 8.87%. As a group, equities analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS for the current 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.