National Steel Company (NYSE:SID - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $1.45, but opened at $1.51. National Steel shares last traded at $1.54, with a volume of 889,972 shares trading hands.
Analyst Ratings Changes
Separately, 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 Research Report on SID
National Steel Stock Performance
The company has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.53. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt-to-equity ratio of 2.94. The company has a market cap of $2.06 billion, a P/E ratio of -4.44 and a beta of 1.67.
Hedge Funds Weigh In On National Steel
Hedge funds and other institutional investors have recently modified their holdings of the business. Kapitalo Investimentos Ltda grew its stake in shares of National Steel by 1,530.8% in the first quarter. Kapitalo Investimentos Ltda now owns 25,979 shares of the basic materials company's stock worth $43,000 after purchasing an additional 24,386 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of National Steel 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 purchasing an additional 9,314 shares during the period. First Affirmative Financial Network lifted its position in shares of National Steel 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 purchasing an additional 11,098 shares during the period. Savvy Advisors Inc. lifted its position in shares of National Steel 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 purchasing an additional 12,987 shares during the period. Finally, Inspire Investing LLC lifted its position in shares of National Steel by 155.7% in the 1st quarter. Inspire Investing LLC now owns 31,681 shares of the basic materials company's stock worth $53,000 after purchasing an additional 19,289 shares during the period.
National Steel Company Profile
(
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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