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

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped down before the market opened on Friday . The stock had previously closed at $1.37, but opened at $1.33. Usinas Siderurgicas de Minas Gerais shares last traded at $1.47, with a volume of 20,657 shares.

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock has a fifty day simple moving average of $1.27 and a 200-day simple moving average of $1.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.67 and a current ratio of 4.12. The stock has a market cap of $758.73 million, a P/E ratio of -3.01 and a beta of 1.28.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.13% and a positive return on equity of 1.98%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. On average, equities 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.