Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Stock Price Passes Below Fifty Day Moving Average of $1.89
Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.89 and traded as low as $1.88. Usinas Siderúrgicas de Minas Gerais shares last traded at $2.02, with a volume of 22,750 shares traded.
A number of research analysts have issued reports on the stock. Credit Suisse Group upgraded shares of Usinas Siderúrgicas de Minas Gerais from an “underperform” rating to a “neutral” rating in a report on Thursday, September 17th. Zacks Investment Research upgraded shares of Usinas Siderúrgicas de Minas Gerais from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. upgraded shares of Usinas Siderúrgicas de Minas Gerais from a “neutral” rating to an “overweight” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $2.25.
The company has a market capitalization of $1.06 billion, a PE ratio of 50.51 and a beta of 1.93. The stock’s fifty day simple moving average is $1.89 and its 200-day simple moving average is $1.55.
Usinas SiderÃºrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through four segments: Steelworks, Mining and Logistics, Steel Transformation, and Capital Goods. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; develops steel product solutions; and operates as a distribution center and trading company.
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