Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $1.47, but opened at $1.43. Companhia Siderúrgica Nacional shares last traded at $1.47, with a volume of 119,948 shares trading hands.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. UBS Group assumed coverage on Companhia Siderúrgica Nacional in a research note on Wednesday. They set a "sell" rating and a $1.30 price objective for the company. StockNews.com lowered Companhia Siderúrgica Nacional from a "buy" rating to a "hold" rating in a research note on Tuesday, December 10th.
Check Out Our Latest Report on SID
Companhia Siderúrgica Nacional Trading Up 13.0 %
The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34. The company has a 50 day moving average of $1.49 and a two-hundred day moving average of $1.81. 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 (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 for the quarter, beating the consensus estimate of ($0.09) by $0.01. Companhia Siderúrgica Nacional had a negative return on equity of 5.79% and a negative net margin of 2.37%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $11.85 billion. Sell-side analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Companhia Siderúrgica Nacional
Several large investors have recently bought and sold shares of SID. SBI Securities Co. Ltd. purchased a new stake in Companhia Siderúrgica Nacional during the 4th quarter worth approximately $35,000. Pinnacle Wealth Planning Services Inc. increased its stake in Companhia Siderúrgica Nacional by 41.3% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company's stock worth $46,000 after buying an additional 9,314 shares in the last quarter. Savvy Advisors Inc. increased its stake in Companhia Siderúrgica Nacional by 56.1% during the 4th quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company's stock worth $52,000 after buying an additional 12,987 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Companhia Siderúrgica Nacional during the 4th quarter worth approximately $55,000. Finally, Caprock Group LLC purchased a new stake in Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $57,000.
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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