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

StockNews.com upgraded shares of Companhia Siderúrgica Nacional (NYSE:SID) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

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

Companhia Siderúrgica Nacional Trading Down 2.7%

Shares of SID opened at $1.63 on Friday. The firm’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.64. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -10.83 and a beta of 1.83. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. Companhia Siderúrgica Nacional has a 1-year low of $1.27 and a 1-year high of $2.85.

Companhia Siderúrgica Nacional (NYSE:SID) last announced its earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $11.85 billion. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. Sell-side analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in shares of Companhia Siderúrgica Nacional during the fourth quarter valued at approximately $35,000. Kapitalo Investimentos Ltda raised its holdings in Companhia Siderúrgica Nacional by 1,530.8% in the 1st quarter. Kapitalo Investimentos Ltda now owns 25,979 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 24,386 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Companhia Siderúrgica Nacional by 41.3% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 9,314 shares during the last quarter. First Affirmative Financial Network raised its holdings in Companhia Siderúrgica Nacional by 56.7% in the 1st quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 11,098 shares during the last quarter. Finally, Savvy Advisors Inc. raised 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 acquiring an additional 12,987 shares during 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.