|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.3800 - 1.4100|
|52 Week Range||1.3700 - 3.3000|
|Beta (5Y Monthly)||1.47|
|PE Ratio (TTM)||1.53|
|Forward Dividend & Yield||0.38 (24.65%)|
|Ex-Dividend Date||Apr 29, 2022|
|1y Target Est||N/A|
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Brazilian steelmaker Usiminas plans to file a petition with antitrust watchdog CADE against a recent decision allowing its rival Companhia Siderurgica Nacional (CSN) to hold a stake higher than 5% in the company. CSN had been mandated by CADE in 2014 to sell the 17% stake it owned then in Usiminas within five years. In 2019, CSN got an extension of three more years to complete the sale.
Brazilian steelmaker Usiminas reported a 77% drop in second-quarter net income from a year earlier, broadly in line with analyst expectations, after currency swings eroded revenues and output disruption reduced sales. The company, formally known as Usinas Siderurgicas de Minas Gerais SA, said in a securities filing it made a net profit of 1.06 billion reais ($204.48 million) in the period, almost matching a Refinitiv poll forecast of 1.05 billion reais. Net revenue totaled 8.53 billion reais, down 11% year-on-year but beating the 8.34 billion forecast by analysts.
Usinas Siderurgicas de Minas Gerais SA (USNZY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.