National Steel Company (SID) Shares Gap Down to $0.00
National Steel Company (NYSE:SID)’s share price gapped down before the market opened on Thursday . The stock had previously closed at ($3.25), but opened at $0.00. National Steel shares last traded at $0.00, with a volume of 2170100 shares traded.
SID has been the topic of several recent analyst reports. BidaskClub upgraded National Steel from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 24th. Credit Suisse Group upgraded National Steel from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 7th.
The firm has a 50 day moving average price of $2.81 and a 200-day moving average price of $2.55. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 9.97 and a beta of 2.28.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Karp Capital Management Corp bought a new stake in shares of National Steel during the first quarter valued at approximately $174,000. BNP Paribas Arbitrage SA increased its stake in shares of National Steel by 34.1% during the first quarter. BNP Paribas Arbitrage SA now owns 223,036 shares of the basic materials company’s stock valued at $651,000 after acquiring an additional 56,664 shares during the period. Credit Suisse AG increased its stake in shares of National Steel by 11.2% during the first quarter. Credit Suisse AG now owns 735,909 shares of the basic materials company’s stock valued at $2,150,000 after acquiring an additional 74,312 shares during the period. Morgan Stanley increased its stake in shares of National Steel by 343.8% during the first quarter. Morgan Stanley now owns 3,237,262 shares of the basic materials company’s stock valued at $9,453,000 after acquiring an additional 2,507,863 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of National Steel by 101.9% during the first quarter. Profund Advisors LLC now owns 107,586 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 54,297 shares during the period. 3.23% of the stock is currently owned by institutional investors.
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National Steel Company Profile
Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates in five segments: Steel, Mining, Cement, Logistics and Energy.
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