Companhia Siderurgica Nacional (NYSE:SID) has received an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company.
SID has been the topic of several research reports. Morgan Stanley cut Companhia Siderurgica Nacional from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 11th. ValuEngine cut Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, TheStreet raised Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a report on Friday, June 21st.
Shares of SID stock traded down $0.12 during trading hours on Thursday, hitting $3.33. The stock had a trading volume of 2,880,300 shares, compared to its average volume of 3,946,670. Companhia Siderurgica Nacional has a one year low of $1.93 and a one year high of $4.71. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.23 and a quick ratio of 0.71. The stock’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $3.89. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 3.51 and a beta of 1.75.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SID. Bank of America Corp DE grew its position in Companhia Siderurgica Nacional by 487.3% in the second quarter. Bank of America Corp DE now owns 2,934,247 shares of the basic materials company’s stock worth $12,647,000 after acquiring an additional 2,434,637 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Companhia Siderurgica Nacional by 216.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,084,734 shares of the basic materials company’s stock worth $8,985,000 after acquiring an additional 1,426,333 shares in the last quarter. Acadian Asset Management LLC grew its position in Companhia Siderurgica Nacional by 1,220.5% in the first quarter. Acadian Asset Management LLC now owns 958,997 shares of the basic materials company’s stock worth $3,941,000 after acquiring an additional 886,375 shares in the last quarter. SPX Equities Gestao de Recursos Ltda purchased a new position in Companhia Siderurgica Nacional in the second quarter worth about $2,354,000. Finally, Vanguard Group Inc. grew its position in Companhia Siderurgica Nacional by 5.7% in the second quarter. Vanguard Group Inc. now owns 8,335,438 shares of the basic materials company’s stock worth $35,926,000 after acquiring an additional 446,622 shares in the last quarter. Institutional investors own 3.45% of the company’s stock.
Companhia Siderurgica Nacional Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel, such as 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 that consist 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.
See Also: Google Finance Portfolio Tips and Tricks
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.