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

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Usinas Siderúrgicas de Minas Gerais Price 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 announced its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.38% and a net margin of 3.56%. The business had revenue of $1.23 billion during the quarter. As a group, equities analysts expect that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.05 earnings per share for the current 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.