Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) gapped up before the market opened on Monday . The stock had previously closed at $1.25, but opened at $1.35. Usinas Siderurgicas de Minas Gerais shares last traded at $1.28, with a volume of 38,663 shares trading hands.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company’s fifty day moving average is $1.11 and its 200 day moving average is $0.97. The company has a current ratio of 4.21, a quick ratio of 2.64 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $706.69 million, a P/E ratio of -2.63 and a beta of 1.33.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.22% and a negative net margin of 12.91%. As a group, equities analysts anticipate that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current year.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (OTCMKTS: USNZY), widely known as Usiminas, is one of Brazil’s leading integrated steel producers. The company operates across the full steel value chain, from iron ore mining to the manufacture and distribution of flat steel products. Its portfolio includes hot- and cold-rolled coils, coated sheets, tin plates, plates and tubular products, which serve a broad array of end markets such as construction, automotive, packaging, machinery and energy.

Founded in the mid-1950s through a partnership between Brazilian and international investors, Usiminas is headquartered in Belo Horizonte and maintains its principal steelmaking facilities in Ipatinga, Minas Gerais, as well as secondary operations in Cubatão (São Paulo) and Santa Cruz.