Companhia Siderúrgica Nacional (NYSE:SID) Stock Price Up 6.8% – Still a Buy?

Shares of Companhia Siderúrgica Nacional (NYSE:SID) were up 6.8% during trading on Wednesday . The stock traded as high as $1.48 and last traded at $1.49. Approximately 203,284 shares changed hands during trading, a decline of 90% from the average daily volume of 2,109,153 shares. The stock had previously closed at $1.39.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Stock Performance

The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34. The stock has a market cap of $1.97 billion, a PE ratio of -9.90 and a beta of 2.14. The firm has a fifty day moving average price of $1.47 and a 200 day moving average price of $1.85.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in shares of Companhia Siderúrgica Nacional by 4.2% during the fourth quarter. American Century Companies Inc. now owns 2,173,564 shares of the basic materials company’s stock valued at $3,130,000 after acquiring an additional 87,403 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Companhia Siderúrgica Nacional during the 3rd quarter valued at approximately $3,824,000. Northern Trust Corp increased its stake in Companhia Siderúrgica Nacional by 2,160.7% during the 4th quarter. Northern Trust Corp now owns 1,584,832 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 1,514,727 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Companhia Siderúrgica Nacional in the third quarter worth $3,585,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Companhia Siderúrgica Nacional by 70.7% during the fourth quarter. BNP Paribas Financial Markets now owns 1,053,204 shares of the basic materials company’s stock worth $1,517,000 after buying an additional 436,157 shares during the period.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.