Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) issued its quarterly earnings results on Thursday. The basic materials company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04, Zacks reports. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 4.13% and a negative net margin of 10.22%.
Usinas Siderurgicas de Minas Gerais Trading Down 9.4%
Shares of OTCMKTS:USNZY opened at $1.45 on Friday. The company’s 50-day moving average price is $1.80 and its two-hundred day moving average price is $1.52. Usinas Siderurgicas de Minas Gerais has a one year low of $0.75 and a one year high of $2.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.54 and a quick ratio of 2.96. The stock has a market capitalization of $794.34 million, a PE ratio of -3.72, a price-to-earnings-growth ratio of 0.16 and a beta of 1.46.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
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.
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