Companhia Siderúrgica Nacional (NYSE:SID) Stock Rating Upgraded by StockNews.com

Companhia Siderúrgica Nacional (NYSE:SID) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

SID has been the topic of several other research reports. Itau BBA Securities reiterated an “underperform” rating and set a $3.00 target price on shares of Companhia Siderúrgica Nacional in a report on Thursday, April 4th. Bank of America lowered Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $3.90 to $2.90 in a research report on Tuesday, April 9th.

Companhia Siderúrgica Nacional Trading Down 0.9 %

Shares of SID stock opened at $2.75 on Tuesday. Companhia Siderúrgica Nacional has a 12-month low of $2.11 and a 12-month high of $4.03. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.32 and a quick ratio of 0.94. The firm has a fifty day moving average of $3.00 and a 200-day moving average of $3.22.

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

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its holdings in shares of Companhia Siderúrgica Nacional by 42.7% in the fourth quarter. Lindbrook Capital LLC now owns 9,876 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 2,956 shares during the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in Companhia Siderúrgica Nacional in the third quarter valued at approximately $43,000. Jump Financial LLC bought a new stake in shares of Companhia Siderúrgica Nacional during the fourth quarter worth $51,000. Quadrant Capital Group LLC increased its holdings in shares of Companhia Siderúrgica Nacional by 28.2% during the fourth quarter. Quadrant Capital Group LLC now owns 13,305 shares of the basic materials company’s stock worth $52,000 after buying an additional 2,930 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Companhia Siderúrgica Nacional during the 4th quarter valued at $54,000.

About Companhia Siderúrgica Nacional

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.