Companhia Siderurgica Nacional (SID) Trading 5.8% Higher
Shares of Companhia Siderurgica Nacional (NYSE:SID) traded up 5.8% on Wednesday . The stock traded as high as $2.73 and last traded at $2.73, with a volume of 1,301,687 shares changing hands. The stock had previously closed at $2.58.
Separately, Zacks Investment Research upgraded Companhia Siderurgica Nacional from a “sell” rating to a “hold” rating in a research note on Thursday, September 15th.
The firm has a market capitalization of $3.70 billion, a P/E ratio of 21.00 and a beta of 2.37. The firm’s 50 day moving average is $2.92 and its 200 day moving average is $2.67.
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Several institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its position in Companhia Siderurgica Nacional by 5.4% in the second quarter. Global X Management Co. LLC now owns 44,900 shares of the company’s stock valued at $110,000 after buying an additional 2,293 shares in the last quarter. BlackRock Inc. boosted its position in Companhia Siderurgica Nacional by 3.9% in the first quarter. BlackRock Inc. now owns 58,381 shares of the company’s stock valued at $115,000 after buying an additional 2,192 shares in the last quarter. World Asset Management Inc boosted its position in Companhia Siderurgica Nacional by 7.5% in the second quarter. World Asset Management Inc now owns 86,364 shares of the company’s stock valued at $212,000 after buying an additional 6,015 shares in the last quarter. BlackRock Institutional Trust Company N.A. bought a new position in Companhia Siderurgica Nacional during the second quarter valued at approximately $319,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in Companhia Siderurgica Nacional by 3.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,142 shares of the company’s stock valued at $326,000 after buying an additional 4,642 shares in the last quarter. Institutional investors and hedge funds own 3.52% of the company’s stock.
Companhia Siderurgica Nacional Company Profile
Companhia Siderurgica Nacional operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates through five segments: steel, mining, cement, logistics and energy.
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