Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading 2.9% Higher – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s stock price shot up 2.9% on Friday . The company traded as high as $1.08 and last traded at $1.08. 3,300 shares were traded during trading, a decline of 95% from the average session volume of 62,175 shares. The stock had previously closed at $1.05.

Usinas Siderurgicas de Minas Gerais Trading Up 4.3%

The business’s 50 day simple moving average is $1.06 and its 200 day simple moving average is $0.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.21 and a quick ratio of 2.64. The company has a market capitalization of $599.86 million, a price-to-earnings ratio of -2.23 and a beta of 1.34.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. Research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current 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.