Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Crosses 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 stock 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 changing hands.

Usinas Siderurgicas de Minas Gerais Stock Down 5.6%

The stock has a market cap of $427.30 million, a P/E ratio of 15.60 and a beta of 1.47. The company has a quick ratio of 2.56, a current ratio of 4.26 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $0.83 and a 200-day simple moving average of $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 (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Usinas Siderurgicas de Minas Gerais had a net margin of 1.66% and a return on equity of 1.62%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $6.74 billion. On average, equities research analysts forecast that Usinas Siderurgicas de Minas Gerais SA will post 0.09 earnings per share for the current fiscal year.

About Usinas Siderurgicas 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.