Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) posted its quarterly earnings data on Friday. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Zacks reports. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.13% and a positive return on equity of 1.98%.
Usinas Siderurgicas de Minas Gerais Price Performance
Shares of OTCMKTS USNZY opened at $1.48 on Friday. The firm has a 50-day simple moving average of $1.29 and a 200-day simple moving average of $1.17. The stock has a market capitalization of $810.77 million, a price-to-earnings ratio of -3.22 and a beta of 1.28. The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27. Usinas Siderurgicas de Minas Gerais has a 52 week low of $0.70 and a 52 week high of $1.50.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Usinas Siderurgicas de Minas Gerais from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.
Usinas Siderurgicas de Minas Gerais Company Profile
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.
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