National Steel Company (NYSE:SID - Get Free Report) shares 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 trading hands.
Analyst Ratings Changes
SID has been the topic of several research analyst reports. Wall Street Zen raised National Steel from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. UBS Group began coverage on National Steel in a research report on Wednesday, March 12th. They set a "sell" rating and a $1.30 price target on the stock.
Check Out Our Latest Analysis on National Steel
National Steel Stock Performance
The stock has a fifty day simple moving average of $1.57 and a 200-day simple moving average of $1.55. The stock has a market cap of $1.82 billion, a P/E ratio of -3.93 and a beta of 1.70. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.18 and a current ratio of 1.64.
Hedge Funds Weigh In On National Steel
A number of large investors have recently bought and sold shares of SID. SBI Securities Co. Ltd. acquired a new stake in shares of National Steel in the fourth quarter valued at approximately $35,000. Kapitalo Investimentos Ltda increased its stake in National Steel by 1,530.8% in the 1st quarter. Kapitalo Investimentos Ltda now owns 25,979 shares of the basic materials company's stock valued at $43,000 after buying an additional 24,386 shares during the last quarter. First Affirmative Financial Network lifted its position in National Steel by 56.7% during the 1st quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company's stock worth $51,000 after buying an additional 11,098 shares in the last quarter. Inspire Investing LLC lifted its position in National Steel by 155.7% during the 1st quarter. Inspire Investing LLC now owns 31,681 shares of the basic materials company's stock worth $53,000 after buying an additional 19,289 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of National Steel by 41.3% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company's stock worth $46,000 after buying an additional 9,314 shares during the last quarter.
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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