National Steel Company (NYSE:SID - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.53 and traded as high as $1.57. National Steel shares last traded at $1.56, with a volume of 5,422,286 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised National Steel from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.
Check Out Our Latest Stock Report on National Steel
National Steel Stock Performance
The business has a fifty day simple moving average of $1.50 and a 200-day simple moving average of $1.54. 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 firm has a market cap of $2.04 billion, a P/E ratio of -4.39 and a beta of 1.67.
Hedge Funds Weigh In On National Steel
A number of institutional investors have recently added to or reduced their stakes in SID. Kapitalo Investimentos Ltda increased its holdings in shares of National Steel by 1,530.8% during the first quarter. Kapitalo Investimentos Ltda now owns 25,979 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 24,386 shares in the last quarter. First Affirmative Financial Network increased its holdings in shares of National Steel by 56.7% during the first quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 11,098 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of National Steel by 155.7% during the first quarter. Inspire Investing LLC now owns 31,681 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 19,289 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of National Steel by 41.3% during 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. Finally, Savvy Advisors Inc. increased its holdings in shares of National Steel by 56.1% during the fourth quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 12,987 shares in 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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