Companhia Siderúrgica Nacional (NYSE:SID) Hits New 1-Year High at $7.36


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Companhia Siderúrgica Nacional (NYSE:SID) shares reached a new 52-week high during trading on Thursday . The company traded as high as $7.36 and last traded at $7.32, with a volume of 58966 shares traded. The stock had previously closed at $7.04.

Separately, The Goldman Sachs Group raised shares of Companhia Siderúrgica Nacional from a “neutral” rating to a “buy” rating in a report on Tuesday, December 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Companhia Siderúrgica Nacional presently has an average rating of “Hold” and an average price target of $3.00.

The business’s 50-day moving average price is $6.35 and its two-hundred day moving average price is $5.19. The company has a market capitalization of $10.07 billion, a P/E ratio of 33.52 and a beta of 1.86. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.44 and a quick ratio of 1.05.

Companhia Siderúrgica Nacional (NYSE:SID) last announced its quarterly earnings results on Monday, February 22nd. The basic materials company reported $0.52 earnings per share for the quarter. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Companhia Siderúrgica Nacional had a net margin of 5.00% and a return on equity of 17.68%. Research analysts expect that Companhia Siderúrgica Nacional will post 0.56 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in SID. Pacer Advisors Inc. boosted its position in shares of Companhia Siderúrgica Nacional by 68.6% during the first quarter. Pacer Advisors Inc. now owns 6,678 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 2,716 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at $48,000. Schonfeld Strategic Advisors LLC bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at $88,000. Profund Advisors LLC bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at $101,000. Finally, Cubist Systematic Strategies LLC lifted its position in Companhia Siderúrgica Nacional by 97.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 38,960 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 19,272 shares in the last quarter. 3.23% of the stock is currently owned by institutional investors.

Companhia Siderúrgica Nacional Company Profile (NYSE:SID)

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel products, such as 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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