Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 9.6% – Time to Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares were down 9.6% during mid-day trading on Friday . The company traded as low as $1.23 and last traded at $1.23. Approximately 19,636 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 130,990 shares. The stock had previously closed at $1.36.

Usinas Siderurgicas de Minas Gerais Trading Down 4.4%

The company has a quick ratio of 2.64, a current ratio of 4.21 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is $1.09 and its 200 day moving average is $0.95. The stock has a market cap of $675.62 million, a PE ratio of -2.52 and a beta of 1.33.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations 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%. As a group, analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share 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.