Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Passes Below 50 Day Moving Average - Should You Sell?

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.99 and traded as low as $0.90. Usinas Siderúrgicas de Minas Gerais shares last traded at $1.00, with a volume of 54,792 shares changing hands.

Usinas Siderúrgicas de Minas Gerais Stock Up 0.3%

The company has a quick ratio of 2.14, a current ratio of 3.72 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $521.91 million, a PE ratio of -47.64, a P/E/G ratio of 6.54 and a beta of 1.69. The stock has a 50-day moving average of $0.99 and a 200 day moving average of $0.99.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. Usinas Siderúrgicas de Minas Gerais had a negative return on equity of 0.31% and a negative net margin of 0.33%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $6.50 billion. Sell-side analysts anticipate that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.09 EPS for the current year.

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.