Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Share Price Passes Below 200 Day Moving Average – Here’s Why

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Usinas Siderúrgicas de Minas Gerais Trading Down 2.3 %

The company has a market capitalization of $487.83 million, a price-to-earnings ratio of 6.36, a P/E/G ratio of 13.21 and a beta of 1.80. 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 business’s 50-day moving average price is $1.06 and its two-hundred day moving average price is $1.18.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Usinas Siderúrgicas de Minas Gerais had a net margin of 3.56% and a return on equity of 3.52%. The business had revenue of $1.23 billion during the quarter. Research analysts predict 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.