Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Down 5.1% – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares dropped 5.1% on Friday. The company traded as low as $1.36 and last traded at $1.3760. 25,502 shares traded hands during trading, a decline of 81% from the average session volume of 135,974 shares. The stock had previously closed at $1.45.

Usinas Siderurgicas de Minas Gerais Price Performance

The company has a current ratio of 4.44, a quick ratio of 2.87 and a debt-to-equity ratio of 0.26. The stock has a market cap of $753.80 million, a PE ratio of -4.05, a P/E/G ratio of 0.13 and a beta of 1.44. The company’s 50 day moving average is $1.42 and its 200-day moving average is $1.56.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. As a group, sell-side analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.28 earnings per share for the current year.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steel producer focused primarily on flat steel products. Its portfolio includes hot- and cold-rolled steel, galvanized steel, and other specialized products used in industries such as automotive manufacturing, construction, energy, machinery, and consumer goods.

The company operates an integrated steelmaking business that includes the production, processing, and distribution of steel. Through affiliated operations, Usiminas is also involved in iron ore mining and related logistics, supporting the supply of raw materials for its steel facilities.