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

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped down before the market opened on Friday . The stock had previously closed at $1.48, but opened at $1.40. Usinas Siderurgicas de Minas Gerais shares last traded at $1.38, with a volume of 2,711 shares trading hands.

Usinas Siderurgicas de Minas Gerais Trading Down 6.8%

The stock has a fifty day moving average of $1.46 and a 200 day moving average of $1.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44. The company has a market capitalization of $755.99 million, a PE ratio of -4.06, a PEG ratio of 0.12 and a beta of 1.47.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. As a group, sell-side analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.28 earnings per share for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steel producer focused primarily on flat steel products. Its portfolio includes hot- and cold-rolled steel, galvanized steel, and other specialized products used in industries such as automotive manufacturing, construction, energy, machinery, and consumer goods.

The company operates an integrated steelmaking business that includes the production, processing, and distribution of steel. Through affiliated operations, Usiminas is also involved in iron ore mining and related logistics, supporting the supply of raw materials for its steel facilities.