Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped up prior to trading on Monday. The stock had previously closed at $1.3760, but opened at $1.55. Usinas Siderurgicas de Minas Gerais shares last traded at $1.60, with a volume of 36,088 shares.

Usinas Siderurgicas de Minas Gerais Price Performance

The company has a market capitalization of $827.21 million, a PE ratio of -4.44, a P/E/G ratio of 0.13 and a beta of 1.44. The firm has a fifty day simple moving average of $1.41 and a 200 day simple moving average of $1.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Equities analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS for the current year.

Usinas Siderurgicas de Minas Gerais Company Profile

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.