Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Shares of Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.99 and traded as low as $0.87. Usinas Siderúrgicas de Minas Gerais shares last traded at $0.89, with a volume of 12,722 shares.

Usinas Siderúrgicas de Minas Gerais Price Performance

The firm has a 50-day moving average of $0.99 and a 200 day moving average of $1.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.72 and a quick ratio of 2.14.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last issued its earnings results on Friday, October 25th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $1.23 billion during the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.52% and a net margin of 3.56%. As a group, sell-side analysts predict that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.05 earnings per share for the current fiscal 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.