Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Down 7.6% – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares traded down 7.6% on Monday . The company traded as low as $1.34 and last traded at $1.34. 8,909 shares traded hands during trading, a decline of 93% from the average session volume of 126,275 shares. The stock had previously closed at $1.45.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a current ratio of 4.12, a quick ratio of 2.67 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $1.27 and its two-hundred day moving average is $1.14. The company has a market cap of $750.51 million, a PE ratio of -2.98 and a beta of 1.28.

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, beating analysts’ consensus estimates 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 1.98%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. On average, equities research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current year.

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.