Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Down 4.5% – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price was down 4.5% on Wednesday . The stock traded as low as $1.04 and last traded at $1.05. Approximately 69,403 shares traded hands during trading, an increase of 12% from the average daily volume of 62,244 shares. The stock had previously closed at $1.10.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 4.21 and a quick ratio of 2.64. The stock has a 50-day moving average price of $1.05 and a 200-day moving average price of $0.92. The firm has a market capitalization of $575.21 million, a PE ratio of -2.14 and a beta of 1.34.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%.The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. On average, research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal 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.