Companhia Siderúrgica Nacional (NYSE:SID) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in Companhia Siderúrgica Nacional (NYSE:SID) by 21.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,315,071 shares of the basic materials company’s stock after selling 362,209 shares during the quarter. Van ECK Associates Corp’s holdings in Companhia Siderúrgica Nacional were worth $1,894,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SID. PDS Planning Inc acquired a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $32,000. Savvy Advisors Inc. acquired a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $55,000. Caprock Group LLC acquired a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $57,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $101,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $3,585,000.

Companhia Siderúrgica Nacional Stock Up 1.0 %

Shares of NYSE:SID opened at $1.57 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77. The business has a fifty day moving average of $1.49 and a two-hundred day moving average of $1.89. The stock has a market cap of $2.08 billion, a P/E ratio of -10.43 and a beta of 2.14. Companhia Siderúrgica Nacional has a 52-week low of $1.27 and a 52-week high of $3.56.

Analyst Upgrades and Downgrades

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

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.