Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Issues Earnings Results

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

Usinas Siderúrgicas de Minas Gerais Price Performance

Shares of OTCMKTS USNZY opened at $1.22 on Monday. Usinas Siderúrgicas de Minas Gerais has a 52-week low of $1.00 and a 52-week high of $2.23. The business’s 50 day moving average is $1.16 and its two-hundred day moving average is $1.36.

About Usinas Siderúrgicas de Minas Gerais

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.