Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down – Should You Sell?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $1.43, but opened at $1.33. Usinas Siderurgicas de Minas Gerais shares last traded at $1.35, with a volume of 2,186 shares traded.

Usinas Siderurgicas de Minas Gerais Trading Down 6.5%

The company has a 50 day moving average of $1.44 and a two-hundred day moving average of $1.55. The stock has a market capitalization of $732.43 million, a PE ratio of -3.93, a P/E/G ratio of 0.13 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44.

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

Usinas Siderurgicas de Minas Gerais Company Profile

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.