Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading Down 7.3% – Should You Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) fell 7.3% during mid-day trading on Thursday . The stock traded as low as $1.25 and last traded at $1.2520. 5,900 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 147,274 shares. The stock had previously closed at $1.35.

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock has a market cap of $682.04 million, a PE ratio of -2.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.64 and a current ratio of 4.21. The firm has a fifty day moving average price of $1.21 and a 200 day moving average price of $1.03.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company had revenue of $1.14 billion during 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 1.94%. Research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 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.