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Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Usinas Siderúrgicas de Minas Gerais logo with Basic Materials background

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.98 and traded as low as $0.96. Usinas Siderúrgicas de Minas Gerais shares last traded at $0.97, with a volume of 16,745 shares changing hands.

Usinas Siderúrgicas de Minas Gerais Price Performance

The stock's fifty day moving average price is $0.98 and its two-hundred day moving average price is $0.99. The firm has a market capitalization of $525.91 million, a price-to-earnings ratio of -48.00, a price-to-earnings-growth ratio of 6.54 and a beta of 1.56. The company has a current ratio of 3.72, a quick ratio of 2.14 and a debt-to-equity ratio of 0.27.

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

About Usinas Siderúrgicas de Minas Gerais

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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.

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