Companhia Siderurgica Nacional (NYSE:SID) shares were up 5.7% on Tuesday . The stock traded as high as $2.23 and last traded at $2.22. Approximately 1,023,300 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 2,846,167 shares. The stock had previously closed at $2.10.
Several research analysts have weighed in on SID shares. Credit Suisse Group raised Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a research report on Monday, June 4th. Zacks Investment Research raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research report on Thursday, July 19th. ValuEngine lowered Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Finally, Bank of America started coverage on Companhia Siderurgica Nacional in a research report on Thursday, August 16th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $2.25.
The company has a debt-to-equity ratio of 2.99, a current ratio of 1.25 and a quick ratio of 0.76.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SID. Deltec Asset Management LLC bought a new stake in shares of Companhia Siderurgica Nacional during the 1st quarter worth about $1,530,000. Citadel Advisors LLC boosted its stake in shares of Companhia Siderurgica Nacional by 15.1% during the 1st quarter. Citadel Advisors LLC now owns 643,739 shares of the basic materials company’s stock worth $1,693,000 after acquiring an additional 84,395 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Companhia Siderurgica Nacional during the 1st quarter worth about $397,000. Barclays PLC boosted its stake in shares of Companhia Siderurgica Nacional by 28.9% during the 1st quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock worth $914,000 after acquiring an additional 77,779 shares in the last quarter. Finally, Banco de Sabadell S.A bought a new stake in shares of Companhia Siderurgica Nacional during the 1st quarter worth about $152,000. Institutional investors own 1.96% of the company’s stock.
Companhia Siderurgica Nacional Company Profile (NYSE:SID)
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.
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