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

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped down prior to trading on Thursday. The stock had previously closed at $1.43, but opened at $1.33. Usinas Siderurgicas de Minas Gerais shares last traded at $1.35, with a volume of 2,186 shares trading hands.

Usinas Siderurgicas de Minas Gerais Price Performance

The firm has a market capitalization of $761.47 million, a price-to-earnings ratio of -4.09, a PEG ratio of 0.12 and a beta of 1.47. The company has a current ratio of 4.44, a quick ratio of 2.87 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.55.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) 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 analysts’ consensus estimates of $0.02 by $0.04. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.49% and a negative net margin of 8.87%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. As a group, research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS for the current year.

About Usinas Siderurgicas de Minas Gerais

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.