Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.98 and traded as low as $0.96. Usinas Siderúrgicas de Minas Gerais shares last traded at $0.97, with a volume of 16,745 shares changing hands.

Usinas Siderúrgicas de Minas Gerais Stock Performance

The company has a current ratio of 3.72, a quick ratio of 2.14 and a debt-to-equity ratio of 0.27. The firm has a market cap of $531.38 million, a price-to-earnings ratio of -48.50, a price-to-earnings-growth ratio of 6.54 and a beta of 1.56. The stock has a fifty day moving average price of $0.98 and a 200 day moving average price of $0.99.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $6.50 billion. Usinas Siderúrgicas de Minas Gerais had a negative return on equity of 0.31% and a negative net margin of 0.33%. As a group, analysts predict that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.09 earnings per share for the current year.

About Usinas Siderúrgicas de Minas Gerais

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.