Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Climb 9.7% – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares rose 9.7% during mid-day trading on Tuesday. The company traded as high as $1.51 and last traded at $1.51. 4,951 shares traded hands during trading, a decline of 96% from the average daily volume of 135,523 shares. The stock had previously closed at $1.3760.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a quick ratio of 2.87, a current ratio of 4.44 and a debt-to-equity ratio of 0.26. The business has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $1.57. The firm has a market cap of $794.34 million, a PE ratio of -4.26, a price-to-earnings-growth ratio of 0.14 and a beta of 1.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. As a group, equities research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.28 earnings per share for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA, commonly known as Usiminas, is a Brazilian steel producer headquartered in Belo Horizonte, Minas Gerais. Founded in 1956, the company operates an integrated steelmaking complex in Ipatinga, Minas Gerais, and has historically been one of Brazil’s leading suppliers of flat steel products.

Usiminas manufactures products including hot-rolled and cold-rolled steel, galvanized steel, and heavy plates. These materials serve a range of industrial customers, including the automotive, construction, energy, machinery, and appliance sectors.