Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.99 and traded as low as $0.87. Usinas Siderúrgicas de Minas Gerais shares last traded at $0.89, with a volume of 12,722 shares trading hands.

Usinas Siderúrgicas de Minas Gerais Stock Performance

The stock has a market cap of $520.43 million, a P/E ratio of 6.79, a PEG ratio of 6.01 and a beta of 1.80. 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 company’s 50-day simple moving average is $0.99 and its 200 day simple moving average is $1.13.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $1.23 billion during the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.52% and a net margin of 3.56%. As a group, sell-side analysts expect that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.05 EPS for the current fiscal year.

Usinas Siderúrgicas de Minas Gerais Company Profile

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.