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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $1.05, but opened at $1.20. Usinas Siderurgicas de Minas Gerais shares last traded at $1.20, with a volume of 10,000 shares trading hands.

Usinas Siderurgicas de Minas Gerais Stock Performance

The firm has a market cap of $657.38 million, a PE ratio of -2.45 and a beta of 1.34. The business has a 50 day simple moving average of $1.06 and a two-hundred day simple moving average of $0.92. The company has a quick ratio of 2.64, a current ratio of 4.21 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. As a group, equities research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share 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.