Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) shares saw an uptick in trading volume on Tuesday . 962,282 shares changed hands during mid-day trading, a decline of 56% from the previous session’s volume of 2,209,343 shares.The stock last traded at $2.19 and had previously closed at $2.04.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a report on Friday, August 16th.
Get Our Latest Analysis on Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional Price Performance
Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.18. Companhia Siderúrgica Nacional had a negative return on equity of 0.79% and a negative net margin of 0.34%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.94 billion. On average, equities research analysts anticipate that Companhia Siderúrgica Nacional will post 0.17 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC purchased a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at approximately $27,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at approximately $28,000. Wealthstream Advisors Inc. purchased a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at approximately $36,000. Sequoia Financial Advisors LLC purchased a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at approximately $38,000. Finally, Jump Financial LLC purchased a new position in shares of Companhia Siderúrgica Nacional during the 4th quarter valued at approximately $51,000.
Companhia Siderúrgica Nacional Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, 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 consisting 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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