Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report)’s stock price fell 21.4% on Monday. The company traded as low as $1.10 and last traded at $1.10. Approximately 29,949 shares were traded during trading, a decline of 77% from the average daily volume of 128,557 shares. The stock had previously closed at $1.40.
Usinas Siderurgicas de Minas Gerais Stock Down 13.6%
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 firm has a market capitalization of $662.86 million, a P/E ratio of -3.56, a PEG ratio of 0.13 and a beta of 1.44. The firm’s fifty day moving average price is $1.41 and its 200-day moving average price is $1.58.
Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. As a group, equities research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.28 earnings per share for the current year.
About Usinas Siderurgicas de Minas Gerais
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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