Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Announces Quarterly Earnings Results

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) announced its earnings results on Friday. The basic materials company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04, Zacks reports. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.49% and a negative net margin of 8.87%.

Usinas Siderurgicas de Minas Gerais Price Performance

Shares of USNZY traded down $0.05 during trading hours on Friday, hitting $0.97. 86,670 shares of the stock were exchanged, compared to its average volume of 131,576. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44. Usinas Siderurgicas de Minas Gerais has a 12-month low of $0.89 and a 12-month high of $2.35. The company has a market cap of $531.39 million, a price-to-earnings ratio of -2.85, a price-to-earnings-growth ratio of 0.10 and a beta of 1.44. The stock’s 50-day moving average price is $1.39 and its two-hundred day moving average price is $1.48.

Usinas Siderurgicas de Minas Gerais Company Profile

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.