Companhia Siderúrgica Nacional (NYSE:SID) Cut to Buy at StockNews.com

StockNews.com cut shares of Companhia Siderúrgica Nacional (NYSE:SID) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.

Companhia Siderúrgica Nacional Price Performance

SID opened at $2.32 on Wednesday. The business has a fifty day moving average of $2.17 and a 200 day moving average of $2.47. The stock has a market cap of $3.21 billion, a P/E ratio of 25.72, a PEG 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 has a 52-week low of $1.89 and a 52-week high of $4.03.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in shares of Companhia Siderúrgica Nacional in the second quarter valued at about $153,000. AQR Capital Management LLC increased its position in Companhia Siderúrgica Nacional by 19.9% during the 2nd quarter. AQR Capital Management LLC now owns 96,126 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 15,942 shares during the period. Marshall Wace LLP bought a new stake in shares of Companhia Siderúrgica Nacional in the 2nd quarter valued at about $81,000. Inspire Investing LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the 2nd quarter worth approximately $27,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the 2nd quarter worth approximately $28,000.

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.