Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – Still a Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $1.4150, but opened at $1.48. Usinas Siderurgicas de Minas Gerais shares last traded at $1.48, with a volume of 4,545 shares.

Usinas Siderurgicas de Minas Gerais Trading Up 3.5%

The firm’s 50-day moving average is $1.45 and its 200 day moving average is $1.55. 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 firm has a market capitalization of $810.77 million, a price-to-earnings ratio of -4.35, a P/E/G ratio of 0.13 and a beta of 1.47.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, equities analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.28 earnings per share 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.