Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up pre-market from $1.16 to $1.21 and last traded at $1.21 on volume of 5,048 shares, though the article also notes the stock was down 3.2% (intraday movement).
• Usinas Siderurgicas de Minas Gerais has a market cap of $662.86 million, low leverage (debt-to-equity 0.27) and strong liquidity (current ratio 4.12, quick ratio 2.67), but a negative PE of -2.63 and a beta of 1.28.
• Earnings beat estimates: the company reported $0.01 EPS versus a consensus -$0.02 and revenue of $1.14 billion in line with expectations, despite a negative net margin of 12.13% and a modest 1.98% ROE; analysts forecast $0.09 EPS for the fiscal year.

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $1.16, but opened at $1.21. Usinas Siderurgicas de Minas Gerais shares last traded at $1.21, with a volume of 5,048 shares traded.

Usinas Siderurgicas de Minas Gerais Stock Down 3.2%

The company has a debt-to-equity ratio of 0.27, a current ratio of 4.12 and a quick ratio of 2.67. The stock has a market capitalization of $662.86 million, a PE ratio of -2.63 and a beta of 1.28. The company has a 50 day moving average price of $1.27 and a 200-day moving average price of $1.10.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last released its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.14 billion. As a group, analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current fiscal 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.

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