Companhia Siderúrgica Nacional (NYSE:SID) Shares Gap Up to $2.17

Companhia Siderúrgica Nacional (NYSE:SID)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $2.17, but opened at $2.23. Companhia Siderúrgica Nacional shares last traded at $2.27, with a volume of 132,541 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a report on Friday, August 16th.

Companhia Siderúrgica Nacional Stock Performance

The stock’s 50-day moving average is $2.24 and its 200-day moving average is $2.73. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 0.81 and a beta of 2.16. The company has a current ratio of 1.29, a quick ratio of 0.91 and a debt-to-equity ratio of 1.89.

Institutional Trading of Companhia Siderúrgica Nacional

Large investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its position in 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 valued at $39,000 after acquiring an additional 2,956 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at approximately $27,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at approximately $28,000. Jump Financial LLC purchased a new position in shares of Companhia Siderúrgica Nacional during the 4th quarter valued at approximately $51,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Companhia Siderúrgica Nacional by 28.2% during the 4th quarter. Quadrant Capital Group LLC now owns 13,305 shares of the basic materials company’s stock valued at $52,000 after buying an additional 2,930 shares during the last quarter.

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.