Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) Stock Crosses Below 50-Day Moving Average – What’s Next?

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.84 and traded as low as $1.50. Usinas Siderurgicas de Minas Gerais shares last traded at $1.58, with a volume of 90,034 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Usinas Siderurgicas de Minas Gerais from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Usinas Siderurgicas de Minas Gerais currently has an average rating of “Hold”.

Usinas Siderurgicas de Minas Gerais Price Performance

The company has a current ratio of 4.54, a quick ratio of 2.96 and a debt-to-equity ratio of 0.26. The company has a market cap of $865.55 million, a PE ratio of -4.05, a P/E/G ratio of 0.16 and a beta of 1.46. The firm has a 50 day moving average of $1.84 and a two-hundred day moving average of $1.49.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Usinas Siderurgicas de Minas Gerais had a negative net margin of 10.22% and a positive return on equity of 4.13%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Research analysts predict that Usinas Siderurgicas de Minas Gerais SA will post 0.27 earnings per share for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (OTCMKTS: USNZY), widely known as Usiminas, is one of Brazil’s leading integrated steel producers. The company operates across the full steel value chain, from iron ore mining to the manufacture and distribution of flat steel products. Its portfolio includes hot- and cold-rolled coils, coated sheets, tin plates, plates and tubular products, which serve a broad array of end markets such as construction, automotive, packaging, machinery and energy.

Founded in the mid-1950s through a partnership between Brazilian and international investors, Usiminas is headquartered in Belo Horizonte and maintains its principal steelmaking facilities in Ipatinga, Minas Gerais, as well as secondary operations in Cubatão (São Paulo) and Santa Cruz.