Companhia Siderúrgica Nacional (NYSE:SID) Upgraded at StockNews.com

Companhia Siderúrgica Nacional (NYSE:SID) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. Bank of America cut shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $3.90 to $2.90 in a research note on Tuesday, April 9th. Itau BBA Securities reiterated an “underperform” rating and issued a $3.00 price objective on shares of Companhia Siderúrgica Nacional in a research report on Thursday, April 4th.

Companhia Siderúrgica Nacional Trading Down 1.6 %

Shares of SID stock traded down $0.04 during trading hours on Tuesday, reaching $2.78. 998,978 shares of the company’s stock were exchanged, compared to its average volume of 2,805,737. Companhia Siderúrgica Nacional has a fifty-two week low of $2.11 and a fifty-two week high of $4.03. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 1.89. The business has a fifty day moving average price of $3.01 and a 200-day moving average price of $3.22.

Companhia Siderúrgica Nacional (NYSE:SID) last released its earnings results on Thursday, March 7th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). The company had revenue of $2.42 billion for the quarter. Companhia Siderúrgica Nacional had a net margin of 0.76% and a return on equity of 1.69%. On average, equities analysts predict that Companhia Siderúrgica Nacional will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in Companhia Siderúrgica Nacional by 28.2% in the 4th quarter. Quadrant Capital Group LLC now owns 13,305 shares of the basic materials company’s stock valued at $52,000 after buying an additional 2,930 shares during the last quarter. Lindbrook Capital LLC lifted its position in Companhia Siderúrgica Nacional by 42.7% during the 4th quarter. Lindbrook Capital LLC now owns 9,876 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 2,956 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Companhia Siderúrgica Nacional by 20.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,133 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 4,437 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Companhia Siderúrgica Nacional by 35.0% during the 4th quarter. First Trust Direct Indexing L.P. now owns 40,364 shares of the basic materials company’s stock worth $159,000 after buying an additional 10,467 shares during the period. Finally, Jump Financial LLC acquired a new position in Companhia Siderúrgica Nacional in the fourth quarter valued at approximately $51,000.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.