Companhia Siderurgica Nacional (SID) Shares Gap Up to $3.70
Shares of Companhia Siderurgica Nacional (NYSE:SID) gapped up prior to trading on Monday . The stock had previously closed at $3.66, but opened at $3.70. Companhia Siderurgica Nacional shares last traded at $3.76, with a volume of 94121 shares changing hands.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Companhia Siderurgica Nacional from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Goldman Sachs Group raised shares of Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a report on Sunday, April 14th. Standpoint Research lowered shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Morgan Stanley raised shares of Companhia Siderurgica Nacional from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $4.75.
The company has a current ratio of 1.14, a quick ratio of 0.68 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $5.03 billion, a P/E ratio of 3.97 and a beta of 2.12.
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Companhia Siderurgica 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, 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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