Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Climb 9.7% – Should You Buy?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shot up 9.7% on Tuesday. The company traded as high as $1.51 and last traded at $1.51. 4,951 shares were traded during mid-day trading, a decline of 96% from the average session volume of 135,523 shares. The stock had previously closed at $1.3760.

Usinas Siderurgicas de Minas Gerais Trading Up 9.7%

The company has a debt-to-equity ratio of 0.26, a current ratio of 4.44 and a quick ratio of 2.87. The firm’s 50 day moving average price is $1.41 and its 200 day moving average price is $1.56. The stock has a market capitalization of $827.21 million, a P/E ratio of -4.44, a P/E/G ratio of 0.12 and a beta of 1.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (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 analysts’ expectations 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%. As a group, equities research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.28 earnings per share for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA, commonly known as Usiminas, is a Brazilian steel producer headquartered in Belo Horizonte, Minas Gerais. Founded in 1956, the company operates an integrated steelmaking complex in Ipatinga, Minas Gerais, and has historically been one of Brazil’s leading suppliers of flat steel products.

Usiminas manufactures products including hot-rolled and cold-rolled steel, galvanized steel, and heavy plates. These materials serve a range of industrial customers, including the automotive, construction, energy, machinery, and appliance sectors.