Companhia Siderurgica Nacional (SID) Shares Up 5.4%

Companhia Siderurgica Nacional (NYSE:SID) shot up 5.4% during mid-day trading on Monday . The company traded as high as $2.59 and last traded at $2.53. 3,068,818 shares were traded during trading, an increase of 9% from the average session volume of 2,824,133 shares. The stock had previously closed at $2.40.

A number of research firms recently issued reports on SID. ValuEngine downgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Zacks Investment Research downgraded shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Bank of America began coverage on shares of Companhia Siderurgica Nacional in a research note on Thursday, August 16th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Companhia Siderurgica Nacional currently has an average rating of “Hold” and a consensus target price of $2.25.

The company has a debt-to-equity ratio of 2.99, a current ratio of 1.25 and a quick ratio of 0.76.

A number of institutional investors have recently added to or reduced their stakes in SID. IPG Investment Advisors LLC purchased a new stake in Companhia Siderurgica Nacional during the second quarter valued at $119,000. Verde Servicos Internacionais S.A. purchased a new stake in Companhia Siderurgica Nacional during the third quarter valued at $136,000. Banco de Sabadell S.A purchased a new stake in Companhia Siderurgica Nacional during the first quarter valued at $152,000. Credit Agricole S A purchased a new stake in Companhia Siderurgica Nacional during the second quarter valued at $193,000. Finally, A.R.T. Advisors LLC purchased a new stake in Companhia Siderurgica Nacional during the first quarter valued at $397,000. 1.96% of the stock is currently owned by institutional investors.

Companhia Siderurgica Nacional Company Profile (NYSE:SID)

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.

Read More: How to Invest in Growth Stocks

Receive News & Ratings for Companhia Siderurgica Nacional Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Siderurgica Nacional and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply