Companhia Siderúrgica Nacional (NYSE:SID) Downgraded by TheStreet to C+

Friday, June 11, 2021 | MarketBeat

Companhia Siderúrgica Nacional (NYSE:SID) was downgraded by investment analysts at TheStreet from a "b" rating to a "c+" rating in a report issued on Wednesday, TheStreetRatingsTable reports.

SID opened at $8.84 on Wednesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.80 and a quick ratio of 1.46. The firm's 50 day moving average is $8.66. Companhia Siderúrgica Nacional has a twelve month low of $1.88 and a twelve month high of $10.33. The stock has a market capitalization of $12.27 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.13 and a beta of 1.89.

Companhia Siderúrgica Nacional (NYSE:SID) last released its quarterly earnings data on Friday, May 7th. The basic materials company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.19. Companhia Siderúrgica Nacional had a net margin of 29.22% and a return on equity of 105.00%. The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.17 billion. On average, equities analysts predict that Companhia Siderúrgica Nacional will post 2.88 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Schroder Investment Management Group increased its holdings in Companhia Siderúrgica Nacional by 71.8% during the first quarter. Schroder Investment Management Group now owns 1,080,569 shares of the basic materials company's stock valued at $7,240,000 after buying an additional 451,779 shares during the last quarter. Virtu Financial LLC increased its holdings in Companhia Siderúrgica Nacional by 115.2% during the first quarter. Virtu Financial LLC now owns 60,296 shares of the basic materials company's stock valued at $404,000 after buying an additional 32,276 shares during the last quarter. TownSquare Capital LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the first quarter worth $340,000. Voloridge Investment Management LLC increased its stake in shares of Companhia Siderúrgica Nacional by 121.7% in the first quarter. Voloridge Investment Management LLC now owns 53,021 shares of the basic materials company's stock worth $355,000 after purchasing an additional 29,110 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the first quarter worth $147,000. 2.78% of the stock is owned by institutional investors and hedge funds.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Logistics, Energy, and Cement. It offers flat steel products, such as high, medium, low carbon, micro-alloyed, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.

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