Companhia Siderúrgica Nacional (NYSE:SID) Upgraded at StockNews.com

Companhia Siderúrgica Nacional (NYSE:SID) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Separately, UBS Group started coverage on shares of Companhia Siderúrgica Nacional in a report on Wednesday, March 12th. They issued a “sell” rating and a $1.30 price target on the stock.

Companhia Siderúrgica Nacional Price Performance

Shares of NYSE:SID opened at $1.60 on Thursday. The business has a fifty day simple moving average of $1.60 and a 200-day simple moving average of $1.66. Companhia Siderúrgica Nacional has a 52 week low of $1.27 and a 52 week high of $2.85. The company has a market cap of $2.12 billion, a P/E ratio of -10.67 and a beta of 1.83. 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) last posted its quarterly earnings data on Wednesday, March 12th. The basic materials company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $11.85 billion. Equities research analysts forecast that Companhia Siderúrgica Nacional will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Several institutional investors have recently bought and sold shares of SID. Pinnacle Wealth Planning Services Inc. grew its position in Companhia Siderúrgica Nacional by 41.3% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 9,314 shares in the last quarter. First Affirmative Financial Network increased its stake in Companhia Siderúrgica Nacional by 56.7% during the 1st quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company’s stock worth $51,000 after buying an additional 11,098 shares during the period. Savvy Advisors Inc. lifted its holdings in Companhia Siderúrgica Nacional by 56.1% in 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. Virtus ETF Advisers LLC boosted its position in Companhia Siderúrgica Nacional by 23.9% in the 4th quarter. Virtus ETF Advisers LLC now owns 85,026 shares of the basic materials company’s stock valued at $122,000 after buying an additional 16,414 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Companhia Siderúrgica Nacional by 41.4% during the first quarter. Headlands Technologies LLC now owns 62,710 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 18,359 shares in the last quarter.

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 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.