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

StockNews.com upgraded shares of Companhia Siderúrgica Nacional (NYSE:SID) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Separately, UBS Group began coverage on Companhia Siderúrgica Nacional in a research note on Wednesday, March 12th. They set a “sell” rating and a $1.30 price target on the stock.

Companhia Siderúrgica Nacional Price Performance

Companhia Siderúrgica Nacional stock opened at $1.60 on Thursday. Companhia Siderúrgica Nacional has a 12-month low of $1.27 and a 12-month high of $2.85. 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 firm has a 50-day moving average price of $1.60 and a 200-day moving average price of $1.65. The firm has a market capitalization of $2.12 billion, a PE ratio of -10.67 and a beta of 1.83.

Companhia Siderúrgica Nacional (NYSE:SID) 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. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $11.85 billion. Companhia Siderúrgica Nacional had a negative return on equity of 5.79% and a negative net margin of 2.37%. As a group, equities research analysts forecast that Companhia Siderúrgica Nacional will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in Companhia Siderúrgica Nacional in the 4th quarter worth approximately $35,000. Kapitalo Investimentos Ltda lifted its stake in shares of Companhia Siderúrgica Nacional by 1,530.8% in the 1st quarter. Kapitalo Investimentos Ltda now owns 25,979 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 24,386 shares during the period. Pinnacle Wealth Planning Services Inc. grew its position in Companhia Siderúrgica Nacional by 41.3% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock valued at $46,000 after buying an additional 9,314 shares during the period. First Affirmative Financial Network increased its holdings in Companhia Siderúrgica Nacional by 56.7% in the first quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company’s stock valued at $51,000 after buying an additional 11,098 shares in the last quarter. Finally, Savvy Advisors Inc. increased its holdings in Companhia Siderúrgica Nacional by 56.1% in the fourth quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company’s stock valued at $52,000 after buying an additional 12,987 shares in the last quarter.

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 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.