Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading 5.8% Higher – Here’s Why

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) were up 5.8% during trading on Thursday . The stock traded as high as $1.48 and last traded at $1.45. Approximately 82,123 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 115,084 shares. The stock had previously closed at $1.37.

Usinas Siderurgicas de Minas Gerais Trading Up 2.2%

The firm’s 50-day simple moving average is $1.26 and its 200 day simple moving average is $1.13. The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27. The firm has a market cap of $766.95 million, a P/E ratio of -3.04 and a beta of 1.28.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating 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 1.98%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. As a group, analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current 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.