Shares of Companhia Siderurgica Nacional (NYSE:SID) have been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company.

Several analysts have commented on the company. ValuEngine downgraded Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. TheStreet raised Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a research note on Friday, June 21st. Finally, Morgan Stanley downgraded Companhia Siderurgica Nacional from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 11th.

SID traded up $0.06 on Thursday, hitting $3.49. 4,420,400 shares of the company traded hands, compared to its average volume of 4,272,487. The company has a 50 day moving average of $4.20 and a 200-day moving average of $3.88. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $4.66 billion, a PE ratio of 3.67 and a beta of 1.75. Companhia Siderurgica Nacional has a 12-month low of $1.93 and a 12-month high of $4.71.

Several hedge funds have recently modified their holdings of SID. Two Sigma Advisers LP bought a new position in Companhia Siderurgica Nacional in the 4th quarter worth approximately $107,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Companhia Siderurgica Nacional by 161.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 46,840 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 28,901 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Companhia Siderurgica Nacional by 215.7% in the fourth quarter. Deutsche Bank AG now owns 392,589 shares of the basic materials company’s stock worth $859,000 after acquiring an additional 268,228 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Companhia Siderurgica Nacional in the first quarter worth approximately $296,000. Finally, Bank of Montreal Can acquired a new stake in shares of Companhia Siderurgica Nacional in the first quarter worth approximately $870,000. 4.22% of the stock is owned by institutional investors and hedge funds.

Companhia Siderurgica Nacional Company Profile

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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Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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