Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Issues Earnings Results

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) issued its quarterly earnings results on Thursday. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02, Zacks reports. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%.

Usinas Siderurgicas de Minas Gerais Trading Up 1.2%

Shares of Usinas Siderurgicas de Minas Gerais stock traded up $0.02 during mid-day trading on Friday, hitting $1.24. The stock had a trading volume of 15,815 shares, compared to its average volume of 142,667. The firm has a 50-day moving average of $1.19 and a two-hundred day moving average of $1.01. Usinas Siderurgicas de Minas Gerais has a 12-month low of $0.70 and a 12-month high of $1.40. 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 firm has a market cap of $676.56 million, a P/E ratio of -2.52 and a beta of 1.32.

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.