Companhia Siderurgica Nacional (NYSE:SID)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $3.31, but opened at $3.17. Companhia Siderurgica Nacional shares last traded at $3.02, with a volume of 6,442,220 shares changing hands.
Several equities analysts have recently commented on the stock. ValuEngine cut shares of Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. TheStreet raised shares of Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a report on Friday, June 21st. Finally, Zacks Investment Research cut shares of Companhia Siderurgica Nacional from a “strong-buy” rating to a “hold” rating and set a $4.00 target price on the stock. in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.00.
The stock has a market cap of $4.40 billion, a P/E ratio of 3.18 and a beta of 1.83. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.90. The firm’s fifty day moving average is $3.33 and its 200 day moving average is $3.89.
Hedge funds have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA purchased a new position in shares of Companhia Siderurgica Nacional during the 2nd quarter valued at about $28,000. Parallel Advisors LLC raised its stake in Companhia Siderurgica Nacional by 179.7% during the 2nd quarter. Parallel Advisors LLC now owns 11,175 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 7,180 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Companhia Siderurgica Nacional during the 2nd quarter valued at approximately $52,000. We Are One Seven LLC purchased a new stake in Companhia Siderurgica Nacional during the 2nd quarter valued at approximately $65,000. Finally, Wells Fargo & Company MN raised its stake in Companhia Siderurgica Nacional by 100.0% during the 2nd quarter. Wells Fargo & Company MN now owns 15,699 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 7,851 shares during the last quarter. Institutional investors own 3.73% of the company’s stock.
About Companhia Siderurgica Nacional (NYSE:SID)
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.
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