Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Posts Quarterly Earnings Results, Hits Estimates

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) issued its quarterly earnings data on Friday. The basic materials company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04, Zacks reports. 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 Trading Down 4.9%

OTCMKTS USNZY traded down $0.05 on Friday, hitting $0.97. 86,670 shares of the stock were exchanged, compared to its average volume of 131,562. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44. The stock has a fifty day moving average price of $1.39 and a two-hundred day moving average price of $1.48. The firm has a market capitalization of $531.39 million, a P/E ratio of -2.85, a P/E/G ratio of 0.10 and a beta of 1.44. Usinas Siderurgicas de Minas Gerais has a 52-week low of $0.89 and a 52-week high of $2.35.

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.