Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Trading Down 13% – Time to Sell?

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) were down 13% during trading on Monday . The company traded as low as $1.34 and last traded at $1.34. 4,052 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 144,040 shares. The stock had previously closed at $1.54.

Usinas Siderurgicas de Minas Gerais Trading Up 0.7%

The company has a market capitalization of $777.96 million, a price-to-earnings ratio of -4.18, a P/E/G ratio of 0.13 and a beta of 1.47. The company has a current ratio of 4.44, a quick ratio of 2.87 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average price is $1.46 and its two-hundred day moving average price is $1.55.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations 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%. On average, equities analysts predict 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 (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.