Companhia Siderúrgica Nacional (NYSE:SID – Get Rating) saw strong trading volume on Friday . 495,039 shares traded hands during mid-day trading, a decline of 88% from the previous session’s volume of 3,962,768 shares.The stock last traded at $2.44 and had previously closed at $2.59.
Analysts Set New Price Targets
Several research firms have recently commented on SID. Bank of America cut Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating in a research note on Friday, August 26th. TheStreet cut Companhia Siderúrgica Nacional from a “b-” rating to a “c+” rating in a research note on Monday, July 11th. Finally, Bradesco Corretora cut Companhia Siderúrgica Nacional from an “outperform” rating to a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Companhia Siderúrgica Nacional Price Performance
The company has a debt-to-equity ratio of 1.25, a current ratio of 1.68 and a quick ratio of 1.12. The company has a 50-day simple moving average of $2.82 and a two-hundred day simple moving average of $3.77. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 4.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79.
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 in 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 that consist 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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