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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZYGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $1.03, but opened at $0.94. Usinas Siderurgicas de Minas Gerais shares last traded at $0.94, with a volume of 2,000 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Usinas Siderurgicas de Minas Gerais has an average rating of “Hold”.

View Our Latest Stock Report on Usinas Siderurgicas de Minas Gerais

Usinas Siderurgicas de Minas Gerais Price Performance

The firm has a market capitalization of $514.95 million, a PE ratio of -1.92 and a beta of 1.48. The business has a 50-day moving average of $0.96 and a 200 day moving average of $0.91. The company has a current ratio of 4.21, a quick ratio of 2.64 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZYGet Free Report) last posted its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.22%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

(Get Free Report)

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.

Further Reading

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