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

StockNews.com upgraded shares of Companhia Siderúrgica Nacional (NYSE:SID) from a buy rating to a strong-buy rating in a research note released on Tuesday.

Companhia Siderúrgica Nacional Stock Performance

Shares of NYSE:SID opened at $2.44 on Tuesday. The firm has a fifty day simple moving average of $2.14 and a two-hundred day simple moving average of $2.49. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $3.39 billion, a P/E ratio of 27.11, a PEG ratio of 0.72 and a beta of 2.13. 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 quarterly earnings data on Monday, August 12th. The basic materials company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.18. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Companhia Siderúrgica Nacional had a negative return on equity of 0.79% and a negative net margin of 0.34%. On average, analysts expect that Companhia Siderúrgica Nacional will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Companhia Siderúrgica Nacional

A number of institutional investors have recently bought and sold shares of SID. Inspire Investing LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the second quarter valued at $27,000. Vanguard Personalized Indexing Management LLC bought a new stake in Companhia Siderúrgica Nacional in the second quarter worth about $28,000. Wealthstream Advisors Inc. purchased a new position in shares of Companhia Siderúrgica Nacional during the second quarter valued at approximately $36,000. Sequoia Financial Advisors LLC bought a new position in shares of Companhia Siderúrgica Nacional during the second quarter valued at approximately $38,000. Finally, Jump Financial LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the fourth quarter worth approximately $51,000.

About Companhia Siderúrgica Nacional

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.