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

Key Points

• Share price action: The stock gapped down to $1.33 from a $1.37 close at the open but last traded at $1.47 on volume of 20,657 shares, reflecting a roughly 1.4% intraday gain.
• Quarterly results: Usiminas reported $0.01 EPS, beating the -$0.02 consensus and matching $1.14B revenue estimates, yet it still showed a negative net margin of 12.13% despite a positive ROE of 1.98%.
• Financial profile: the company has a market cap of $805.3M, a negative P/E (-3.20) with strong liquidity (current ratio 4.12, quick ratio 2.67) and low leverage (debt/equity 0.27); Usiminas is a major integrated steel producer in Brazil.

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $1.37, but opened at $1.33. Usinas Siderurgicas de Minas Gerais shares last traded at $1.47, with a volume of 20,657 shares changing hands.

Usinas Siderurgicas de Minas Gerais Stock Up 1.4%

The stock's fifty day moving average is $1.26 and its 200 day moving average is $1.13. The company has a current ratio of 4.12, a quick ratio of 2.67 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $805.30 million, a P/E ratio of -3.20 and a beta of 1.28.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. Usinas Siderurgicas de Minas Gerais had a negative net margin of 12.13% and a positive return on equity of 1.98%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

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.

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