Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.16 and traded as low as $1.13. Usinas Siderúrgicas de Minas Gerais shares last traded at $1.13, with a volume of 139,401 shares changing hands.

Usinas Siderúrgicas de Minas Gerais Trading Up 1.3 %

The company has a market cap of $627.25 million, a price-to-earnings ratio of 2.44, a P/E/G ratio of 13.26 and a beta of 1.87. The business has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.39.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last announced its earnings results on Friday, July 26th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). The company had revenue of $1.22 billion for the quarter. Usinas Siderúrgicas de Minas Gerais had a net margin of 4.61% and a return on equity of 4.82%. On average, analysts anticipate that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.05 earnings per share 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.