Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Down - Here's What Happened

Key Points

• Usiminas shares fell 6.3%, opening at $0.8556 versus a prior close of $1.02 before recovering to about $0.95; trading volume was 21,010 shares.
• The company reported quarterly EPS of $0.04, matching analyst expectations, while revenue of $1.21 billion came in below the $1.23 billion consensus estimate.
• Usiminas has a market capitalization of approximately $498 million and operates as a Brazilian steelmaker producing flat steel products, with related iron ore, logistics, processing and distribution businesses.

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report)'s stock price gapped down prior to trading on Monday. The stock had previously closed at $1.02, but opened at $0.8556. Usinas Siderurgicas de Minas Gerais shares last traded at $0.95, with a volume of 21,010 shares trading hands.

Usinas Siderurgicas de Minas Gerais Stock Down 6.3%

The firm has a fifty day simple moving average of $1.39 and a 200-day simple moving average of $1.48. The company has a quick ratio of 2.87, a current ratio of 4.44 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $497.97 million, a P/E ratio of 4.13, a P/E/G ratio of 0.09 and a beta of 1.64.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last announced its earnings results on Friday, October 30th. The basic materials company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Usinas Siderurgicas de Minas Gerais had a net margin of 5.96% and a return on equity of 6.26%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, equities research analysts expect that Usinas Siderurgicas de Minas Gerais SA will post 0.28 EPS for the current fiscal year.

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.

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