Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – Here’s What Happened
by Michael Walen · The Markets DailyUsinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $1.21, but opened at $1.33. Usinas Siderurgicas de Minas Gerais shares last traded at $1.27, with a volume of 12,795 shares traded.
Usinas Siderurgicas de Minas Gerais Stock Up 3.3%
The company has a market cap of $690.25 million, a PE ratio of -2.74 and a beta of 1.28. The stock has a 50-day moving average of $1.26 and a 200-day moving average of $1.11. The company has a quick ratio of 2.67, a current ratio of 4.12 and a debt-to-equity ratio of 0.27.
Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last posted its earnings results on Friday, February 13th. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Sell-side analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current fiscal 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.