Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Climb 9.7% – Should You Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price was up 9.7% during trading on Tuesday. The stock traded as high as $1.51 and last traded at $1.51. 4,951 shares traded hands during trading, a decline of 96% from the average daily volume of 135,523 shares. The stock had previously closed at $1.3760.

Usinas Siderurgicas de Minas Gerais Stock Up 9.7%

The firm has a market capitalization of $827.21 million, a P/E ratio of -4.44, a P/E/G ratio of 0.12 and a beta of 1.44. 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 stock’s 50-day simple moving average is $1.41 and its 200-day simple moving average is $1.56.

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

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA, commonly known as Usiminas, is a Brazilian steel producer headquartered in Belo Horizonte, Minas Gerais. Founded in 1956, the company operates an integrated steelmaking complex in Ipatinga, Minas Gerais, and has historically been one of Brazil’s leading suppliers of flat steel products.

Usiminas manufactures products including hot-rolled and cold-rolled steel, galvanized steel, and heavy plates. These materials serve a range of industrial customers, including the automotive, construction, energy, machinery, and appliance sectors.