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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $1.02, but opened at $0.8556. Usinas Siderurgicas de Minas Gerais shares last traded at $0.95, with a volume of 21,010 shares changing hands.

Usinas Siderurgicas de Minas Gerais Price Performance

The company has a market capitalization of $497.97 million, a P/E ratio of 4.13, a price-to-earnings-growth ratio of 0.09 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.44 and a quick ratio of 2.87. The company’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 (OTCMKTS:USNZY – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Usinas Siderurgicas de Minas Gerais had a net margin of 5.96% and a return on equity of 6.26%. As a group, sell-side analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS for the current year.

Usinas Siderurgicas de Minas Gerais Company Profile

(Get Free Report)

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.

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