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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price gapped down before the market opened on Friday. The stock had previously closed at $1.40, but opened at $1.2910. Usinas Siderurgicas de Minas Gerais shares last traded at $1.2910, with a volume of 500 shares trading hands.

Usinas Siderurgicas de Minas Gerais Trading Up 0.4%

The firm has a market capitalization of $725.86 million, a P/E ratio of -3.90, a price-to-earnings-growth ratio of 0.13 and a beta of 1.44. The stock has a 50-day simple moving average of $1.41 and a two-hundred day simple moving average of $1.58. The company has a current ratio of 4.44, a quick ratio of 2.87 and a debt-to-equity ratio of 0.26.

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

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steelmaker focused on the production and sale of flat steel products. Its portfolio includes hot-rolled, cold-rolled, galvanized and heavy plate steel used in industries such as automotive manufacturing, construction, machinery, energy and industrial equipment.

Founded in 1956, Usiminas operates steelmaking facilities in Ipatinga, Minas Gerais, and Cubatão, São Paulo. The company also maintains activities related to iron ore mining, logistics, steel processing and the distribution of steel products, supporting its operations from raw materials through delivery to industrial customers.

Usiminas primarily serves the Brazilian market while also supplying customers in international markets.