Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $1.06, but opened at $1.17. Usinas Siderurgicas de Minas Gerais shares last traded at $1.00, with a volume of 203,530 shares trading hands.
Usinas Siderurgicas de Minas Gerais Price Performance
The company has a debt-to-equity ratio of 0.26, a current ratio of 4.44 and a quick ratio of 2.87. The stock has a market capitalization of $531.38 million, a price-to-earnings ratio of -2.85, a PEG ratio of 0.10 and a beta of 1.44. The stock’s 50 day simple moving average is $1.39 and its 200-day simple moving average is $1.48.
Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The basic materials company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. On average, analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS for the current fiscal year.
About Usinas Siderurgicas de Minas Gerais
Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steelmaker focused on the production and sale of flat steel products. Its portfolio includes hot-rolled, cold-rolled, galvanized and heavy plate steel used in industries such as automotive manufacturing, construction, machinery, energy and industrial equipment.
Founded in 1956, Usiminas operates steelmaking facilities in Ipatinga, Minas Gerais, and Cubatão, São Paulo. The company also maintains activities related to iron ore mining, logistics, steel processing and the distribution of steel products, supporting its operations from raw materials through delivery to industrial customers.
Usiminas primarily serves the Brazilian market while also supplying customers in international markets.
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