Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down – Here’s Why

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $1.09, but opened at $0.96. Usinas Siderurgicas de Minas Gerais shares last traded at $1.07, with a volume of 3,151 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Usinas Siderurgicas de Minas Gerais from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Price Performance

The company has a current ratio of 4.26, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $586.17 million, a PE ratio of -2.18 and a beta of 1.48. The business has a fifty day moving average price of $0.93 and a 200-day moving average price of $0.91.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results on Friday, October 24th. The basic materials company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.91% and a positive return on equity of 1.19%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.