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

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) announced its quarterly earnings results on Friday. The basic materials company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04, Zacks reports. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%.

Usinas Siderurgicas de Minas Gerais Price Performance

Shares of USNZY stock traded down $0.05 on Friday, reaching $0.97. The company’s stock had a trading volume of 86,670 shares, compared to its average volume of 88,659. The company has a quick ratio of 2.87, a current ratio of 4.44 and a debt-to-equity ratio of 0.26. Usinas Siderurgicas de Minas Gerais has a 12-month low of $0.89 and a 12-month high of $2.35. The company has a market capitalization of $531.38 million, a P/E ratio of -2.85, a PEG ratio of 0.10 and a beta of 1.44. The stock’s 50 day simple moving average is $1.39 and its 200-day simple moving average is $1.48.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steelmaker focused on the production and sale of flat steel products. Its portfolio includes hot-rolled, cold-rolled, galvanized and heavy plate steel used in industries such as automotive manufacturing, construction, machinery, energy and industrial equipment.

Founded in 1956, Usiminas operates steelmaking facilities in Ipatinga, Minas Gerais, and Cubatão, São Paulo. The company also maintains activities related to iron ore mining, logistics, steel processing and the distribution of steel products, supporting its operations from raw materials through delivery to industrial customers.

Usiminas primarily serves the Brazilian market while also supplying customers in international markets.