Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $1.35, but opened at $1.30. Usinas Siderurgicas de Minas Gerais shares last traded at $1.29, with a volume of 5,363 shares trading hands.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a quick ratio of 2.64, a current ratio of 4.21 and a debt-to-equity ratio of 0.26. The firm has a market cap of $698.47 million, a P/E ratio of -2.77 and a beta of 1.32. The business has a fifty day simple moving average of $1.20 and a 200-day simple moving average of $1.02.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) 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 predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

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.