StockNews.com Lowers Companhia Siderúrgica Nacional (NYSE:SID) to Buy

Companhia Siderúrgica Nacional (NYSE:SID) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

Companhia Siderúrgica Nacional Price Performance

Companhia Siderúrgica Nacional stock opened at $2.41 on Wednesday. The business’s 50-day simple moving average is $2.15 and its 200 day simple moving average is $2.47. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 2.56. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 0.72 and a beta of 2.13. Companhia Siderúrgica Nacional has a 12-month low of $1.89 and a 12-month high of $4.03.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.18. Companhia Siderúrgica Nacional had a negative net margin of 0.34% and a negative return on equity of 0.79%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.94 billion. As a group, research analysts anticipate that Companhia Siderúrgica Nacional will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Large investors have recently bought and sold shares of the business. Inspire Investing LLC acquired a new position in Companhia Siderúrgica Nacional in the second quarter valued at approximately $27,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Companhia Siderúrgica Nacional in the second quarter worth $28,000. Wealthstream Advisors Inc. acquired a new stake in Companhia Siderúrgica Nacional in the second quarter worth $36,000. Sequoia Financial Advisors LLC acquired a new stake in Companhia Siderúrgica Nacional in the second quarter worth $38,000. Finally, Headlands Technologies LLC acquired a new stake in Companhia Siderúrgica Nacional in the second quarter worth $52,000.

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.