Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.
Companhia Siderúrgica Nacional Trading Up 9.3 %
NYSE:SID traded up $0.19 on Tuesday, hitting $2.23. 3,956,381 shares of the stock were exchanged, compared to its average volume of 2,225,601. The stock has a market cap of $3.09 billion, a PE ratio of 24.78, a PEG ratio of 1.66 and a beta of 2.13. Companhia Siderúrgica Nacional has a fifty-two week low of $1.89 and a fifty-two week high of $4.03. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 2.56. The stock has a fifty day moving average of $2.14 and a 200-day moving average of $2.49.
Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) last posted its earnings results on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.94 billion. As a group, equities analysts expect that Companhia Siderúrgica Nacional will post 0.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Companhia Siderúrgica Nacional
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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