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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) shares passed below its fifty day moving average during trading on Friday. The stock has a fifty 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 traded.

Usinas Siderurgicas de Minas Gerais Stock Performance

The firm has a market cap of $751.88 million, a P/E ratio of -4.04, a PEG ratio of 0.12 and a beta of 1.44. The company has a current ratio of 4.44, a quick ratio of 2.87 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $1.40 and its two-hundred day moving average is $1.57.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate 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 EPS for the current fiscal 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.