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

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.01 and traded as low as $0.94. Usinas Siderúrgicas de Minas Gerais shares last traded at $0.95, with a volume of 129,915 shares.

Usinas Siderúrgicas de Minas Gerais Stock Up 0.5%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.14 and a current ratio of 3.72. The firm's fifty day simple moving average is $1.01 and its 200 day simple moving average is $1.01. The stock has a market capitalization of $524.32 million, a price-to-earnings ratio of -47.86, a P/E/G ratio of 6.54 and a beta of 1.69.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last announced its earnings results on Thursday, April 24th. The basic materials company reported $0.04 earnings per share for the quarter, topping 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $6.50 billion. On average, sell-side analysts forecast that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.09 earnings per share for the current year.

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.