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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped down before the market opened on Friday . The stock had previously closed at $1.48, but opened at $1.40. Usinas Siderurgicas de Minas Gerais shares last traded at $1.38, with a volume of 2,711 shares traded.

Usinas Siderurgicas de Minas Gerais Price Performance

The business has a fifty day moving average of $1.46 and a two-hundred day moving average of $1.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44. The firm has a market capitalization of $755.99 million, a price-to-earnings ratio of -4.06, a price-to-earnings-growth ratio of 0.12 and a beta of 1.47.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. As a group, research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steel producer focused primarily on flat steel products. Its portfolio includes hot- and cold-rolled steel, galvanized steel, and other specialized products used in industries such as automotive manufacturing, construction, energy, machinery, and consumer goods.

The company operates an integrated steelmaking business that includes the production, processing, and distribution of steel. Through affiliated operations, Usiminas is also involved in iron ore mining and related logistics, supporting the supply of raw materials for its steel facilities.