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Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Usinas Siderúrgicas de Minas Gerais logo with Basic Materials background

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY - Get Free Report)'s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 Stock Performance

The company's fifty day moving average price is $1.16 and its 200-day moving average price is $1.40. The stock has a market cap of $627.25 million, a P/E ratio of 2.40, a price-to-earnings-growth ratio of 13.26 and a beta of 1.87.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last released its earnings results 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 firm had revenue of $1.22 billion during the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 4.82% and a net margin of 4.61%. Analysts anticipate 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

(Get Free Report)

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.

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