National Steel Company (NYSE:SID - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $1.41, but opened at $1.36. National Steel shares last traded at $1.35, with a volume of 426,818 shares traded.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. UBS Group assumed coverage on shares of National Steel in a research report on Wednesday, March 12th. They issued a "sell" rating and a $1.30 price objective for the company. Wall Street Zen upgraded shares of National Steel from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.
Check Out Our Latest Analysis on National Steel
National Steel Price Performance
The company has a quick ratio of 1.18, a current ratio of 1.64 and a debt-to-equity ratio of 2.94. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -3.99 and a beta of 1.70. The stock's 50-day simple moving average is $1.56 and its two-hundred day simple moving average is $1.54.
Institutional Trading of National Steel
Institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in National Steel in the 4th quarter worth about $35,000. Pinnacle Wealth Planning Services Inc. lifted its position in shares of National Steel 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. Sequoia Financial Advisors LLC boosted its stake in shares of National Steel by 256.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 56,327 shares of the basic materials company's stock worth $81,000 after acquiring an additional 40,511 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of National Steel by 4.2% in the fourth quarter. American Century Companies Inc. now owns 2,173,564 shares of the basic materials company's stock worth $3,130,000 after acquiring an additional 87,403 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of National Steel during the fourth quarter worth approximately $55,000.
About National Steel
(
Get Free Report)
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.
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