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

StockNews.com upgraded shares of Companhia Siderúrgica Nacional (NYSE:SID) from a buy rating to a strong-buy rating in a research note published on Tuesday.

Companhia Siderúrgica Nacional Stock Performance

SID stock opened at $2.46 on Tuesday. Companhia Siderúrgica Nacional has a twelve month low of $1.89 and a twelve month high of $4.03. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 0.72 and a beta of 2.13. The business’s fifty day simple moving average is $2.15 and its two-hundred day simple moving average is $2.49. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 2.56.

Companhia Siderúrgica Nacional (NYSE:SID) last posted its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.18. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.94 billion. Companhia Siderúrgica Nacional had a negative net margin of 0.34% and a negative return on equity of 0.79%. Analysts predict that Companhia Siderúrgica Nacional will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Inspire Investing LLC bought a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter worth $27,000. Vanguard Personalized Indexing Management LLC bought a new position in Companhia Siderúrgica Nacional during the 2nd quarter worth about $28,000. Wealthstream Advisors Inc. bought a new position in Companhia Siderúrgica Nacional during the 2nd quarter worth about $36,000. Sequoia Financial Advisors LLC purchased a new position in Companhia Siderúrgica Nacional during the 2nd quarter valued at about $38,000. Finally, Jump Financial LLC bought a new stake in shares of Companhia Siderúrgica Nacional in the 4th quarter valued at about $51,000.

Companhia Siderúrgica Nacional Company Profile

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.