Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Issues Quarterly Earnings Results

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) announced its quarterly earnings results on Friday. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02, Zacks reports. Usinas Siderurgicas de Minas Gerais had a return on equity of 1.62% and a net margin of 1.66%.

Usinas Siderurgicas de Minas Gerais Price Performance

USNZY stock opened at $0.99 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 4.26. Usinas Siderurgicas de Minas Gerais has a 1 year low of $0.70 and a 1 year high of $1.26. The firm has a market cap of $542.07 million, a P/E ratio of 19.79 and a beta of 1.40. The stock has a 50-day simple moving average of $0.87 and a 200-day simple moving average of $0.90.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.