Companhia Siderúrgica Nacional (NYSE:SID) rose to Strong-Buy at StockNews.com

Companhia Siderúrgica Nacional (NYSE:SID – Get a Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Companhia Siderúrgica Nacional stocks rose 9.3%

SID stock traded up $0.19 during trading on Tuesday, reaching $2.23. The company’s stock had a trading volume of 3,956,381 shares, compared to its average volume of 2,225,601. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 1.66 and a beta of 2.13. The company has a quick ratio of 0.89, a current ratio of 1.29, and a debt-to-equity ratio of 2.56. The company has a fifty day moving average of $2.14 and a two hundred day moving average of $2.49. Companhia Siderúrgica Nacional has a 12-month low of $1.89 and a 12-month high of $4.03.

Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report ) last posted its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.18. Companhia Siderúrgica Nacional had a negative net margin of 0.34% and a negative return on equity of 0.79%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, sell-side analysts predict that Companhia Siderúrgica Nacional will post 0.17 EPS for the current fiscal year.

Institutional trading of Companhia Siderúrgica Nacional

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC bought a new position in Companhia Siderúrgica Nacional in the 4th quarter valued at approximately $51,000. Quadrant Capital Group LLC boosted its stake in Companhia Siderúrgica Nacional by 28.2% in the fourth quarter. Quadrant Capital Group LLC now owns 13,305 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 2,930 shares during the last quarter. Banco BTG Pactual SA bought a new stake in Companhia Siderúrgica Nacional in the fourth quarter valued at $1,510,000. Barometer Capital Management Inc. purchased a new stake in Companhia Siderúrgica Nacional during the fourth quarter valued at $121,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Companhia Siderúrgica Nacional in the fourth quarter valued at $114,000.

Companhia Siderúrgica Nacional Company profile

(Get a free report)

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, microalloy, ultra-low-carbon and interstitial-free plates; hot rolled products, including heavy and light gauge hot rolled coils and sheets; Cold rolled products including cold rolled coils and sheets; galvanized products; sheet metal products consisting of flat-rolled low-carbon steel coils or sheets; and steel profiles, channels, UPE sections and sleepers for the distribution, packaging, automotive, appliance and construction industries.

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