Companhia Siderúrgica Nacional (NYSE:SID) Stock Rating Lowered by StockNews.com

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Wednesday.

Companhia Siderúrgica Nacional Stock Up 0.8 %

NYSE:SID opened at $2.41 on Wednesday. Companhia Siderúrgica Nacional has a 52 week low of $1.89 and a 52 week high of $4.03. The stock's fifty day moving average is $2.15 and its two-hundred day moving average is $2.47. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 0.72 and a beta of 2.13. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 2.56.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last posted its earnings results on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.18. Companhia Siderúrgica Nacional had a negative return on equity of 0.79% and a negative net margin of 0.34%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.94 billion. Research analysts anticipate that Companhia Siderúrgica Nacional will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SID. Renaissance Technologies LLC boosted its position in Companhia Siderúrgica Nacional by 51.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company's stock valued at $4,435,000 after buying an additional 656,983 shares during the period. Van ECK Associates Corp boosted its holdings in Companhia Siderúrgica Nacional by 17.3% in the second quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company's stock valued at $4,236,000 after purchasing an additional 271,176 shares during the period. American Century Companies Inc. grew its stake in Companhia Siderúrgica Nacional by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company's stock worth $4,248,000 after purchasing an additional 236,340 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Companhia Siderúrgica Nacional by 880.8% during the 1st quarter. BNP Paribas Financial Markets now owns 69,051 shares of the basic materials company's stock worth $216,000 after purchasing an additional 62,011 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in Companhia Siderúrgica Nacional in the 4th quarter valued at about $114,000.

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.