Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Down 21.4% - What's Next?

Key Points

• Usiminas shares fell 21.4% in mid-day trading to $1.10, with trading volume down 77% from the average session.
• The company’s latest quarterly results exceeded expectations, reporting $0.06 EPS versus the $0.02 consensus and $1.21 billion in revenue, although it posted a negative net margin of 8.87%.
• Usiminas is a Brazilian steelmaker serving automotive, construction, machinery and other industrial markets, with operations spanning steel production, iron ore mining, logistics and distribution.

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report)'s stock price was down 21.4% during mid-day trading on Monday. The company traded as low as $1.10 and last traded at $1.10. Approximately 29,949 shares changed hands during trading, a decline of 77% from the average session volume of 128,557 shares. The stock had previously closed at $1.40.

Usinas Siderurgicas de Minas Gerais Stock Performance

The stock has a market cap of $662.86 million, a price-to-earnings ratio of -3.56, a P/E/G ratio of 0.13 and a beta of 1.44. The stock's 50-day moving average is $1.41 and its 200 day moving average is $1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.44 and a quick ratio of 2.87.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. As a group, 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 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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