Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Passes Below Fifty Day Moving Average of $1.98

Shares of Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.98 and traded as low as $1.52. Usinas Siderúrgicas de Minas Gerais shares last traded at $1.57, with a volume of 128,713 shares traded.

Usinas Siderúrgicas de Minas Gerais Stock Performance

The firm’s 50 day moving average price is $1.98 and its 200-day moving average price is $1.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 3.25.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results on Friday, February 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.15. The business had revenue of $1.37 billion for the quarter. Usinas Siderúrgicas de Minas Gerais had a net margin of 7.65% and a return on equity of 8.74%. Sell-side analysts forecast that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.25 earnings per share for the current fiscal year.

Usinas Siderúrgicas de Minas Gerais Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, April 29th will be paid a $0.0498 dividend. The ex-dividend date is Friday, April 26th. Usinas Siderúrgicas de Minas Gerais’s dividend payout ratio is presently 12.77%.

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.