Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Cross Below 50-Day Moving Average - Time to Sell?

Key Points

• Usinas Siderurgicas de Minas Gerais's shares have fallen below their 50-day moving average of $0.84, currently trading at $0.77, indicating a recent downward trend.
• The company's last quarterly earnings report showed an EPS of $0.01, which was below analysts’ expectations of $0.02, with revenues significantly lower than consensus estimates.
• Usinas Siderurgicas de Minas Gerais has a market cap of $421.82 million and a P/E ratio of 15.40, highlighting its financial positioning within the market.

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.84 and traded as low as $0.77. Usinas Siderurgicas de Minas Gerais shares last traded at $0.77, with a volume of 302 shares.

Usinas Siderurgicas de Minas Gerais Price Performance

The firm has a market capitalization of $452.66 million, a P/E ratio of 16.53 and a beta of 1.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.26 and a quick ratio of 2.56. The stock's fifty day simple moving average is $0.83 and its 200 day simple moving average is $0.94.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Usinas Siderurgicas de Minas Gerais had a return on equity of 1.62% and a net margin of 1.66%.The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $6.74 billion. On average, equities research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.09 EPS for the current year.

Usinas Siderurgicas 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.