Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.80 and traded as high as $1.80. Companhia Siderúrgica Nacional shares last traded at $1.78, with a volume of 1,332,841 shares traded.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. UBS Group began coverage on Companhia Siderúrgica Nacional in a research note on Wednesday, March 12th. They set a "sell" rating and a $1.30 target price for the company. StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a "buy" rating to a "hold" rating in a report on Tuesday, December 10th.
Get Our Latest Research Report on Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional Stock Performance
The firm has a 50-day moving average of $1.54 and a 200 day moving average of $1.80. The stock has a market capitalization of $2.34 billion, a P/E ratio of -11.77 and a beta of 2.16. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77.
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) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The firm had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $11.85 billion. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. Research analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 EPS for the current fiscal year.
Institutional Trading of Companhia Siderúrgica Nacional
Several hedge funds have recently modified their holdings of the company. Caprock Group LLC acquired a new position in Companhia Siderúrgica Nacional during the 3rd quarter valued at about $57,000. Dynamic Technology Lab Private Ltd bought a new position in Companhia Siderúrgica Nacional during the third quarter worth about $101,000. The Manufacturers Life Insurance Company acquired a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth about $3,585,000. BNP Paribas Financial Markets raised its position in shares of Companhia Siderúrgica Nacional by 11.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company's stock valued at $1,475,000 after acquiring an additional 65,219 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Companhia Siderúrgica Nacional in the third quarter worth $3,824,000.
Companhia Siderúrgica Nacional Company Profile
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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.
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