Inspire Investing LLC Purchases Shares of 11,631 Companhia Siderúrgica Nacional (NYSE:SID)

Inspire Investing LLC acquired a new position in Companhia Siderúrgica Nacional (NYSE:SID) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,631 shares of the basic materials company’s stock, valued at approximately $27,000.

Several other hedge funds have also bought and sold shares of SID. Quadrant Capital Group LLC lifted its holdings in shares of Companhia Siderúrgica Nacional by 28.2% during the 4th quarter. Quadrant Capital Group LLC now owns 13,305 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 2,930 shares during the last quarter. Inspire Advisors LLC increased its position in shares of Companhia Siderúrgica Nacional by 19.1% during the 2nd quarter. Inspire Advisors LLC now owns 52,647 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 8,452 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at about $28,000. Jump Financial LLC bought a new stake in Companhia Siderúrgica Nacional in the 4th quarter worth approximately $51,000. Finally, Wealthstream Advisors Inc. purchased a new stake in Companhia Siderúrgica Nacional in the second quarter worth approximately $36,000.

Companhia Siderúrgica Nacional Price Performance

Shares of NYSE SID opened at $2.23 on Wednesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.29 and a quick ratio of 0.89. Companhia Siderúrgica Nacional has a 1 year low of $1.89 and a 1 year high of $4.03. The company’s 50-day moving average is $2.14 and its 200 day moving average is $2.49. The stock has a market capitalization of $3.09 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.66 and a beta of 2.13.

Companhia Siderúrgica Nacional (NYSE:SID) last released its earnings results on Monday, August 12th. The basic materials company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.18. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Companhia Siderúrgica Nacional had a negative return on equity of 0.79% and a negative net margin of 0.34%. On average, sell-side analysts expect that Companhia Siderúrgica Nacional will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Companhia Siderúrgica Nacional from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

About Companhia Siderúrgica Nacional

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.