Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 142,300 shares changed hands during mid-day 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 Up 1.6%
The firm’s 50 day simple moving average is $1.12 and its 200-day simple moving average is $0.97. The company has a quick ratio of 2.64, a current ratio of 4.21 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $717.64 million, a PE ratio of -2.67 and a beta of 1.33.
Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last posted its earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%. As a group, equities research analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current 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.
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