Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 7.3% – Time to Sell?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) dropped 7.3% during mid-day trading on Thursday . The company traded as low as $1.25 and last traded at $1.2520. Approximately 5,900 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 147,274 shares. The stock had previously closed at $1.35.

Usinas Siderurgicas de Minas Gerais Trading Down 3.5%

The business’s 50-day simple moving average is $1.20 and its two-hundred day simple moving average is $1.03. The company has a current ratio of 4.21, a quick ratio of 2.64 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $682.03 million, a PE ratio of -2.71 and a beta of 1.32.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its earnings results on Friday, February 13th. The basic materials company reported $0.01 earnings per share for the quarter, topping 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 1.94%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. On average, analysts predict 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.