Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Shares Pass Below Fifty Day Moving Average of $1.89

Shares of 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 $1.89 and traded as low as $1.51. Usinas Siderúrgicas de Minas Gerais shares last traded at $1.56, with a volume of 14,488 shares trading hands.

Usinas Siderúrgicas de Minas Gerais Trading Up 0.6 %

The firm’s 50-day simple moving average is $1.89 and its 200 day simple moving average is $1.77. 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 released 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. Usinas Siderúrgicas de Minas Gerais had a return on equity of 8.74% and a net margin of 7.65%. The business had revenue of $1.37 billion for the quarter. As a group, equities analysts forecast that Usinas Siderúrgicas de Minas Gerais S.A. will post 0.25 EPS for the current fiscal year.

Usinas Siderúrgicas de Minas Gerais Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, April 29th will be issued a $0.0498 dividend. The ex-dividend date is Friday, April 26th. Usinas Siderúrgicas de Minas Gerais’s payout ratio is presently 10.64%.

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.