Companhia Siderurgica Nacional (SID) Shares Gap Up to $2.67

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Companhia Siderurgica Nacional (NYSE:SID) gapped up prior to trading on Tuesday . The stock had previously closed at $2.70, but opened at $2.67. Companhia Siderurgica Nacional shares last traded at $2.61, with a volume of 92521 shares trading hands.

Several equities research analysts have issued reports on SID shares. Zacks Investment Research raised shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Thursday, July 19th. ValuEngine cut shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Bank of America started coverage on shares of Companhia Siderurgica Nacional in a research note on Thursday, August 16th. They set a “buy” rating on the stock. Finally, Santander raised shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $2.25.

The company has a debt-to-equity ratio of 2.99, a current ratio of 1.25 and a quick ratio of 0.76.

Companhia Siderurgica Nacional (NYSE:SID) last released its quarterly earnings results on Thursday, September 20th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter. Companhia Siderurgica Nacional had a net margin of 15.27% and a return on equity of 39.38%. The company had revenue of $1.59 billion for the quarter. As a group, equities research analysts anticipate that Companhia Siderurgica Nacional will post 0.19 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. IPG Investment Advisors LLC acquired a new stake in shares of Companhia Siderurgica Nacional during the 2nd quarter worth about $119,000. Verde Servicos Internacionais S.A. acquired a new stake in shares of Companhia Siderurgica Nacional during the 3rd quarter worth about $136,000. Credit Agricole S A acquired a new stake in shares of Companhia Siderurgica Nacional during the 2nd quarter worth about $193,000. A.R.T. Advisors LLC acquired a new stake in shares of Companhia Siderurgica Nacional during the 1st quarter worth about $397,000. Finally, Barclays PLC boosted its stake in shares of Companhia Siderurgica Nacional by 28.9% during the 1st quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock worth $914,000 after purchasing an additional 77,779 shares during the last quarter. 1.96% of the stock is currently owned by institutional investors.

Companhia Siderurgica Nacional Company Profile (NYSE:SID)

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.

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