Companhia Siderúrgica Nacional (NYSE:SID) Stock Rating Upgraded by StockNews.com

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.

Separately, UBS Group assumed coverage on Companhia Siderúrgica Nacional in a report on Wednesday, March 12th. They issued a "sell" rating and a $1.30 target price for the company.

Companhia Siderúrgica Nacional Trading Up 0.6%

NYSE SID traded up $0.01 on Thursday, hitting $1.62. The company's stock had a trading volume of 719,622 shares, compared to its average volume of 2,121,344. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. The company's 50-day simple moving average is $1.61 and its 200 day simple moving average is $1.65. The firm has a market cap of $2.15 billion, a P/E ratio of -10.80 and a beta of 1.83. Companhia Siderúrgica Nacional has a 52-week low of $1.27 and a 52-week high of $2.85.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The basic materials company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $11.85 billion. Research analysts predict that Companhia Siderúrgica Nacional will post -0.02 EPS for the current fiscal year.

Institutional Trading of Companhia Siderúrgica Nacional

A number of hedge funds have recently bought and sold shares of SID. Savvy Advisors Inc. lifted its stake in shares of Companhia Siderúrgica Nacional by 18.7% in the first quarter. Savvy Advisors Inc. now owns 42,872 shares of the basic materials company's stock worth $72,000 after acquiring an additional 6,739 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Companhia Siderúrgica Nacional by 41.4% during the 1st quarter. Headlands Technologies LLC now owns 62,710 shares of the basic materials company's stock worth $105,000 after buying an additional 18,359 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Companhia Siderúrgica Nacional by 1,323.3% in the first quarter. XTX Topco Ltd now owns 299,898 shares of the basic materials company's stock valued at $501,000 after acquiring an additional 278,828 shares in the last quarter. Inspire Advisors LLC raised its holdings in Companhia Siderúrgica Nacional by 36.8% during the first quarter. Inspire Advisors LLC now owns 91,555 shares of the basic materials company's stock worth $153,000 after purchasing an additional 24,642 shares in the last quarter. Finally, Kapitalo Investimentos Ltda lifted its position in Companhia Siderúrgica Nacional 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 period.

About Companhia Siderúrgica Nacional

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.