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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $1.55, but opened at $1.45. Usinas Siderurgicas de Minas Gerais shares last traded at $1.45, with a volume of 133,279 shares trading hands.

Usinas Siderurgicas de Minas Gerais Trading Down 6.5%

The company has a quick ratio of 2.87, a current ratio of 4.44 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $1.48 and its two-hundred day moving average is $1.54. The firm has a market cap of $794.34 million, a P/E ratio of -4.26, a PEG ratio of 0.14 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. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.27 earnings per share for the current fiscal year.

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.