National Steel Company (NYSE:SID) was upgraded by equities researchers at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a report released on Thursday, The Fly reports.

Separately, BidaskClub upgraded National Steel from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.

National Steel (NYSE SID) traded up 0.64% during trading on Thursday, hitting $3.13. The stock had a trading volume of 1,828,267 shares. The firm has a market cap of $4.25 billion, a P/E ratio of 10.06 and a beta of 2.28. National Steel has a 52-week low of $1.76 and a 52-week high of $4.24. The company has a 50-day moving average of $2.57 and a 200 day moving average of $2.58.

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A number of hedge funds have recently bought and sold shares of the business. World Asset Management Inc increased its position in National Steel by 0.5% during the 1st quarter. World Asset Management Inc now owns 86,108 shares of the basic materials company’s stock worth $251,000 after buying an additional 451 shares during the period. Comerica Bank increased its position in National Steel by 1.3% during the 1st quarter. Comerica Bank now owns 79,557 shares of the basic materials company’s stock worth $190,000 after buying an additional 1,034 shares during the period. Acrospire Investment Management LLC increased its position in National Steel by 213.3% during the 1st quarter. Acrospire Investment Management LLC now owns 34,518 shares of the basic materials company’s stock worth $101,000 after buying an additional 23,500 shares during the period. KCG Holdings Inc. increased its position in National Steel by 58.7% during the 1st quarter. KCG Holdings Inc. now owns 79,803 shares of the basic materials company’s stock worth $233,000 after buying an additional 29,502 shares during the period. Finally, UBS Group AG increased its position in National Steel by 97.3% during the 1st quarter. UBS Group AG now owns 106,345 shares of the basic materials company’s stock worth $310,000 after buying an additional 52,458 shares during the period. Hedge funds and other institutional investors own 3.23% of the company’s stock.

About National Steel

Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company 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 in five segments: Steel, Mining, Cement, Logistics and Energy.

The Fly

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