Companhia Siderúrgica Nacional (NYSE:SID) Upgraded at StockNews.com

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

Companhia Siderúrgica Nacional Trading Down 1.4 %

NYSE:SID opened at $2.09 on Friday. Companhia Siderúrgica Nacional has a 12-month low of $1.89 and a 12-month high of $4.03. The firm has a market cap of $2.90 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 0.81 and a beta of 2.16. The company has a current ratio of 1.29, a quick ratio of 0.91 and a debt-to-equity ratio of 1.89. The stock has a fifty day moving average price of $2.25 and a 200 day moving average price of $2.75.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Companhia Siderúrgica Nacional by 51.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock worth $4,435,000 after acquiring an additional 656,983 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Companhia Siderúrgica Nacional by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock valued at $4,248,000 after buying an additional 236,340 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Companhia Siderúrgica Nacional by 17.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company’s stock valued at $4,236,000 after buying an additional 271,176 shares during the last quarter. Banco BTG Pactual S.A. acquired a new stake in Companhia Siderúrgica Nacional during the 4th quarter worth $1,510,000. Finally, TCG Advisory Services LLC acquired a new position in Companhia Siderúrgica Nacional in the fourth quarter valued at $623,000.

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.