Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 5.1% – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price fell 5.1% on Friday. The stock traded as low as $1.36 and last traded at $1.3760. 25,502 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 135,974 shares. The stock had previously closed at $1.45.

Usinas Siderurgicas de Minas Gerais Price Performance

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 company has a 50 day simple moving average of $1.42 and a 200-day simple moving average of $1.56. The stock has a market cap of $753.80 million, a price-to-earnings ratio of -4.05, a PEG ratio of 0.13 and a beta of 1.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.49% and a negative net margin of 8.87%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. As a group, research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS 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.