Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Hits New 52-Week Low Following Weak Earnings

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) reached a new 52-week low on Monday after the company announced weaker than expected quarterly earnings. The company traded as low as $1.10 and last traded at $1.13, with a volume of 250414 shares. The stock had previously closed at $1.17.

The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $1.22 billion for the quarter. Usinas Siderúrgicas de Minas Gerais had a net margin of 4.61% and a return on equity of 4.82%.

Usinas Siderúrgicas de Minas Gerais Stock Performance

The company has a current ratio of 3.25, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $619.04 million, a P/E ratio of 2.49, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89. The business’s 50 day simple moving average is $1.45 and its two-hundred day simple moving average is $1.72.

Usinas Siderúrgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.