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

StockNews.com cut shares of Companhia Siderúrgica Nacional (NYSE:SID) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.

Companhia Siderúrgica Nacional Stock Performance

Shares of SID opened at $2.46 on Wednesday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 0.72 and a beta of 2.13. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.89 and a current ratio of 1.29. Companhia Siderúrgica Nacional has a 1 year low of $1.89 and a 1 year high of $4.03. The company’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.47.

Companhia Siderúrgica Nacional (NYSE:SID) last posted its quarterly earnings data on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.18. The business had revenue of $2.09 billion for 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 predict that Companhia Siderúrgica Nacional will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Inspire Investing LLC acquired a new stake in shares of Companhia Siderúrgica Nacional in the second quarter worth approximately $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Companhia Siderúrgica Nacional in the 2nd quarter valued at $28,000. Wealthstream Advisors Inc. purchased a new stake in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at $36,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Companhia Siderúrgica Nacional during the 2nd quarter worth $38,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Companhia Siderúrgica Nacional during the 2nd quarter worth $52,000.

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.