Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $1.40 and traded as low as $1.37. Usinas Siderurgicas de Minas Gerais shares last traded at $1.3725, with a volume of 6,624 shares.

Usinas Siderurgicas de Minas Gerais Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44. The company has a market cap of $751.88 million, a P/E ratio of -4.04, a P/E/G ratio of 0.12 and a beta of 1.44. The stock’s fifty day moving average price is $1.40 and its two-hundred day moving average price is $1.57.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a positive return on equity of 5.49% and a negative net margin of 8.87%. As a group, equities analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.28 earnings per share for the current year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA, commonly known as Usiminas, is a Brazilian steel producer headquartered in Belo Horizonte, Minas Gerais. Founded in 1956, the company operates an integrated steelmaking complex in Ipatinga, Minas Gerais, and has historically been one of Brazil’s leading suppliers of flat steel products.

Usiminas manufactures products including hot-rolled and cold-rolled steel, galvanized steel, and heavy plates. These materials serve a range of industrial customers, including the automotive, construction, energy, machinery, and appliance sectors.