Companhia Siderurgica Nacional (NYSE:SID) Shares Down 5.9%
Companhia Siderurgica Nacional (NYSE:SID) was down 5.9% during mid-day trading on Wednesday . The company traded as low as $3.48 and last traded at $3.49, approximately 4,093,823 shares traded hands during trading. An increase of 4% from the average daily volume of 3,918,640 shares. The stock had previously closed at $3.71.
A number of analysts recently issued reports on SID shares. ValuEngine cut Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Morgan Stanley cut shares of Companhia Siderurgica Nacional from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 11th. Zacks Investment Research cut shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Finally, TheStreet raised shares of Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.75.
The firm has a market capitalization of $4.99 billion, a P/E ratio of 3.68 and a beta of 1.75. The company has a 50 day moving average of $4.23. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.90.
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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