Companhia Siderúrgica Nacional (NYSE:SID) Now Covered by Analysts at UBS Group

Equities researchers at UBS Group started coverage on shares of Companhia Siderúrgica Nacional (NYSE:SID) in a research report issued on Wednesday,Benzinga reports. The brokerage set a “sell” rating and a $1.30 price target on the basic materials company’s stock. UBS Group’s target price would suggest a potential downside of 11.26% from the stock’s current price.

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

Companhia Siderúrgica Nacional Price Performance

SID stock traded down $0.01 during mid-day trading on Wednesday, reaching $1.47. The company’s stock had a trading volume of 1,432,540 shares, compared to its average volume of 2,135,006. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. The company’s 50 day moving average is $1.48 and its two-hundred day moving average is $1.82. Companhia Siderúrgica Nacional has a fifty-two week low of $1.27 and a fifty-two week high of $3.29. The stock has a market cap of $1.94 billion, a PE ratio of -9.77 and a beta of 2.16.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Several institutional investors and hedge funds have recently bought and sold shares of SID. SBI Securities Co. Ltd. purchased a new stake in shares of Companhia Siderúrgica Nacional during the 4th quarter valued at approximately $35,000. Pinnacle Wealth Planning Services Inc. raised its position in Companhia Siderúrgica Nacional by 41.3% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 9,314 shares during the period. Savvy Advisors Inc. lifted its stake in shares of Companhia Siderúrgica Nacional by 56.1% in the 4th quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 12,987 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Companhia Siderúrgica Nacional in the 4th quarter valued at about $55,000. Finally, Caprock Group LLC purchased a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at about $57,000.

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.