Companhia Siderurgica Nacional (NYSE:SID)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.70, but opened at $2.67. Companhia Siderurgica Nacional shares last traded at $2.61, with a volume of 92521 shares traded.

A number of brokerages have commented on SID. Santander upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research downgraded shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Bank of America began coverage on shares of Companhia Siderurgica Nacional in a research report on Thursday, August 16th. They set a “buy” rating for the company. Finally, ValuEngine downgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Companhia Siderurgica Nacional currently has an average rating of “Hold” and a consensus target price of $2.25.

The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 2.99.

Companhia Siderurgica Nacional (NYSE:SID) last announced its quarterly earnings results on Thursday, September 20th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $1.59 billion during the quarter. Companhia Siderurgica Nacional had a net margin of 15.27% and a return on equity of 39.38%. As a group, equities analysts expect that Companhia Siderurgica Nacional will post 0.19 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. IPG Investment Advisors LLC purchased a new position in shares of Companhia Siderurgica Nacional in the 2nd quarter valued at about $119,000. Verde Servicos Internacionais S.A. purchased a new position in shares of Companhia Siderurgica Nacional in the 3rd quarter valued at about $136,000. Credit Agricole S A purchased a new position in shares of Companhia Siderurgica Nacional in the 2nd quarter valued at about $193,000. A.R.T. Advisors LLC purchased a new position in shares of Companhia Siderurgica Nacional in the 1st quarter valued at about $397,000. Finally, Barclays PLC increased its holdings in shares of Companhia Siderurgica Nacional by 28.9% in the 1st quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock valued at $914,000 after purchasing an additional 77,779 shares in the last quarter. Institutional investors and hedge funds own 1.96% of the company’s stock.

About Companhia Siderurgica Nacional (NYSE:SID)

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.

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