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

Key Points

• Price action: Shares gapped up to $1.32 from $1.2750 before the open and are trading above their 50‑day ($1.26) and 200‑day ($1.12) moving averages, but volume was light at just 1,018 shares.
• Quarterly results: Usiminas reported $0.01 EPS, beating the ($0.02) estimate with revenue roughly in line at $1.14 billion, yet it still reports a negative net margin (‑12.13%) and a negative P/E (‑2.76).
• Balance sheet: The company shows relatively low leverage and strong liquidity, with a debt‑to‑equity of 0.27, current ratio of 4.12 and quick ratio of 2.67, and a market cap of about $695.7 million.

Shares of Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $1.2750, but opened at $1.32. Usinas Siderurgicas de Minas Gerais shares last traded at $1.32, with a volume of 1,018 shares traded.

Usinas Siderurgicas de Minas Gerais Stock Down 0.8%

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 company has a market capitalization of $695.73 million, a price-to-earnings ratio of -2.76 and a beta of 1.28. The firm has a 50-day moving average price of $1.26 and a two-hundred day moving average price of $1.12.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.14 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 1.98% and a negative net margin of 12.13%. As a group, sell-side analysts anticipate 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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