Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Announces Earnings Results, Beats Estimates By $0.01 EPS

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) announced its earnings results on Friday. The basic materials company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.40% and a net margin of 3.56%. The company had revenue of $1.23 billion for the quarter.

Usinas Siderúrgicas de Minas Gerais Price Performance

OTCMKTS:USNZY traded up $0.06 on Monday, reaching $1.22. 302,700 shares of the company’s stock traded hands, compared to its average volume of 81,151. The stock has a 50-day simple moving average of $1.16 and a 200-day simple moving average of $1.36. Usinas Siderúrgicas de Minas Gerais has a 12 month low of $1.00 and a 12 month high of $2.23.

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.