Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading 5.8% Higher – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price traded up 5.8% on Thursday . The stock traded as high as $1.48 and last traded at $1.45. 82,123 shares changed hands during trading, a decline of 29% from the average session volume of 115,084 shares. The stock had previously closed at $1.37.

Usinas Siderurgicas de Minas Gerais Trading Up 2.2%

The firm has a market cap of $766.95 million, a P/E ratio of -3.04 and a beta of 1.28. The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $1.26 and its 200 day simple moving average is $1.13.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.13% and a positive return on equity of 1.98%. As a group, analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current year.

About Usinas Siderurgicas de Minas Gerais

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.