Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.15 and traded as low as $1.07. Usinas Siderúrgicas de Minas Gerais shares last traded at $1.08, with a volume of 25,491 shares.

Usinas Siderúrgicas de Minas Gerais Stock Performance

The business’s 50 day simple moving average is $1.15 and its 200 day simple moving average is $1.30.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $1.23 billion for the quarter. Usinas Siderúrgicas de Minas Gerais had a net margin of 3.56% and a return on equity of 3.38%. As a group, equities research analysts predict 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.