Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Crosses Below 50 Day Moving Average of $1.64

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZYGet Rating)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.64 and traded as low as $1.42. Usinas Siderúrgicas de Minas Gerais shares last traded at $1.44, with a volume of 8,660 shares traded.

Usinas Siderúrgicas de Minas Gerais Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 3.69 and a quick ratio of 2.28. The stock has a 50 day moving average price of $1.64 and a 200-day moving average price of $1.99. The stock has a market capitalization of $788.86 million, a price-to-earnings ratio of 1.53, a price-to-earnings-growth ratio of 0.17 and a beta of 1.36.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZYGet Rating) last issued its quarterly earnings results on Friday, July 29th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.50 billion. Usinas Siderúrgicas de Minas Gerais had a return on equity of 25.85% and a net margin of 19.08%. On average, analysts forecast that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.54 earnings per share for the current year.

About Usinas Siderúrgicas de Minas Gerais

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Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through four segments: Mining and Logistics, Steel Metallurgy, Steel Transformation, and Capital Assets. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; develops steel product solutions; and operates as a distribution center and trading company.

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