Companhia Siderúrgica Nacional Sees Unusually High Options Volume (NYSE:SID)

Companhia Siderúrgica Nacional (NYSE:SID) was the target of some unusual options trading activity on Monday. Investors bought 11,404 call options on the company. This is an increase of approximately 4,220% compared to the typical volume of 264 call options.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. StockNews.com upgraded shares of Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Bank of America upgraded shares of Companhia Siderúrgica Nacional from an “underperform” rating to a “buy” rating and set a $4.10 price target for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Companhia Siderúrgica Nacional presently has an average rating of “Hold” and an average target price of $3.20.

Companhia Siderúrgica Nacional Stock Up 10.8 %

Shares of SID opened at $3.33 on Tuesday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -110.83, a P/E/G ratio of 2.06 and a beta of 1.84. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 1.75. Companhia Siderúrgica Nacional has a 12 month low of $2.11 and a 12 month high of $3.70. The company has a 50-day moving average price of $2.42 and a two-hundred day moving average price of $2.55.

Companhia Siderúrgica Nacional Increases Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, November 24th will be paid a dividend of $0.1526 per share. This is a boost from Companhia Siderúrgica Nacional’s previous — dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a yield of 20.2%. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is currently -1,900.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at approximately $42,000. AQR Capital Management LLC raised its stake in shares of Companhia Siderúrgica Nacional by 27.1% in the third quarter. AQR Capital Management LLC now owns 72,377 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 15,433 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at approximately $409,000. Tower Research Capital LLC TRC raised its stake in shares of Companhia Siderúrgica Nacional by 272.5% in the third quarter. Tower Research Capital LLC TRC now owns 11,306 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 8,271 shares during the last quarter. Finally, Mariner LLC raised its stake in shares of Companhia Siderúrgica Nacional by 107.4% in the third quarter. Mariner LLC now owns 59,450 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 30,791 shares during the last quarter. Institutional investors own 2.38% of the company’s stock.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through 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 consisting 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.