UBS Group Begins Coverage on Companhia Siderúrgica Nacional (NYSE:SID)

UBS Group started coverage on shares of Companhia Siderúrgica Nacional (NYSE:SID - Free Report) in a research note released on Wednesday morning, Marketbeat reports. The brokerage issued a sell rating and a $1.30 price objective on the basic materials company's stock.

Separately, StockNews.com cut shares of Companhia Siderúrgica Nacional from a "buy" rating to a "hold" rating in a research report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Trading Up 13.0 %

Companhia Siderúrgica Nacional stock traded up $0.21 during trading hours on Wednesday, reaching $1.79. The stock had a trading volume of 6,599,204 shares, compared to its average volume of 2,176,495. The stock has a market cap of $2.37 billion, a PE ratio of -11.90 and a beta of 2.16. Companhia Siderúrgica Nacional has a 52 week low of $1.27 and a 52 week high of $3.29. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The company has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.81.

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Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $11.85 billion. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. Analysts forecast that Companhia Siderúrgica Nacional will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Companhia Siderúrgica Nacional in the third quarter worth approximately $3,824,000. Northern Trust Corp grew its stake in shares of Companhia Siderúrgica Nacional by 2,160.7% in the fourth quarter. Northern Trust Corp now owns 1,584,832 shares of the basic materials company's stock worth $2,282,000 after acquiring an additional 1,514,727 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Companhia Siderúrgica Nacional in the third quarter worth approximately $3,585,000. JPMorgan Chase & Co. grew its stake in shares of Companhia Siderúrgica Nacional by 48,194.9% in the third quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company's stock worth $1,056,000 after acquiring an additional 440,983 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Companhia Siderúrgica Nacional by 70.7% during the fourth quarter. BNP Paribas Financial Markets now owns 1,053,204 shares of the basic materials company's stock valued at $1,517,000 after buying an additional 436,157 shares during the period.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.