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.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Claro Advisors LLC acquired a new position in shares of Companhia Siderurgica Nacional in the 1st quarter valued at $42,000. Concentrum Wealth Management acquired a new position in shares of Companhia Siderurgica Nacional in the 1st quarter valued at $47,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Companhia Siderurgica Nacional by 117.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 22,070 shares of the basic materials company’s stock valued at $91,000 after buying an additional 11,900 shares during the period. F3Logic LLC acquired a new position in shares of Companhia Siderurgica Nacional in the 1st quarter valued at $57,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Companhia Siderurgica Nacional by 34.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 55,404 shares of the basic materials company’s stock valued at $121,000 after buying an additional 14,294 shares during the period. 2.42% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://theolympiareport.com/2019/05/20/companhia-siderurgica-nacional-sid-shares-gap-up-to-3-70.html.

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.

Further Reading: How to trade on quiet period expirations

Receive News & Ratings for Companhia Siderurgica Nacional Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Siderurgica Nacional and related companies with MarketBeat.com's FREE daily email newsletter.