Companhia Siderúrgica Nacional (NYSE:SID) Earns Sell Rating from Analysts at UBS Group

UBS Group started coverage on shares of Companhia Siderúrgica Nacional (NYSE:SID) in a research report sent to investors on Wednesday morning,Benzinga reports. The firm issued a sell rating and a $1.30 price target on the basic materials company’s stock.

Separately, StockNews.com lowered shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Companhia Siderúrgica Nacional Stock Up 13.0 %

Companhia Siderúrgica Nacional stock opened at $1.79 on Wednesday. The company’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.82. Companhia Siderúrgica Nacional has a fifty-two week low of $1.27 and a fifty-two week high of $3.29. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -11.90 and a beta of 2.16. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Savvy Advisors Inc. bought a new position in Companhia Siderúrgica Nacional in the third quarter valued at approximately $55,000. Caprock Group LLC bought a new position in Companhia Siderúrgica Nacional in the third quarter valued at approximately $57,000. SBI Securities Co. Ltd. bought a new position in Companhia Siderúrgica Nacional in the fourth quarter valued at approximately $35,000. Pinnacle Wealth Planning Services Inc. lifted its stake in Companhia Siderúrgica Nacional by 41.3% in 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 in the last quarter. Finally, EntryPoint Capital LLC bought a new position in Companhia Siderúrgica Nacional in the fourth quarter valued at approximately $55,000.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel 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.