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

Shares of Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) crossed 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.

Usinas Siderúrgicas de Minas Gerais Trading Up 1.3 %

The stock has a market cap of $627.25 million, a P/E ratio of 2.44, a price-to-earnings-growth ratio of 13.26 and a beta of 1.87. The stock’s 50-day moving average is $1.16 and its 200-day moving average is $1.39.

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