Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Sees Large Volume Increase – Here’s Why

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) saw unusually-high trading volume on Tuesday . Approximately 142,300 shares traded hands during trading, an increase of 37% from the previous session’s volume of 104,025 shares.The stock last traded at $1.29 and had previously closed at $1.25.

Usinas Siderurgicas de Minas Gerais Trading Down 3.6%

The stock has a market capitalization of $739.56 million, a P/E ratio of -2.76 and a beta of 1.33. The company has a current ratio of 4.21, a quick ratio of 2.64 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $1.14 and a 200 day moving average price of $0.98.

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.