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Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Share Price Passes Below 200 Day Moving Average - Time to Sell?

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 two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.18 and traded as low as $0.91. Usinas Siderúrgicas de Minas Gerais shares last traded at $0.91, with a volume of 116,570 shares changing hands.

Usinas Siderúrgicas de Minas Gerais Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 3.72 and a quick ratio of 2.09. The firm has a market cap of $487.83 million, a P/E ratio of 6.36, a PEG ratio of 13.21 and a beta of 1.80. The stock's 50 day moving average is $1.06 and its two-hundred day moving average is $1.18.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.52% and a net margin of 3.56%. The business had revenue of $1.23 billion for the quarter. As a group, equities analysts predict that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.05 EPS for the current year.

About Usinas Siderúrgicas de Minas Gerais

(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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