Companhia Siderúrgica Nacional (NYSE:SID) Shares Up 9.8% – Should You Buy?

Companhia Siderúrgica Nacional (NYSE:SID)’s share price was up 9.8% during trading on Friday . The stock traded as high as $1.74 and last traded at $1.74. Approximately 1,245,312 shares were traded during trading, a decline of 42% from the average daily volume of 2,135,264 shares. The stock had previously closed at $1.58.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SID shares. StockNews.com cut shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. UBS Group assumed coverage on shares of Companhia Siderúrgica Nacional in a research report on Wednesday. They set a “sell” rating and a $1.30 target price for the company.

Companhia Siderúrgica Nacional Trading Up 11.7 %

The business has a 50-day moving average price of $1.48 and a 200-day moving average price of $1.82. The firm has a market capitalization of $2.34 billion, a P/E ratio of -11.77 and a beta of 2.16. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Companhia Siderúrgica Nacional by 41.3% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock worth $46,000 after buying an additional 9,314 shares during the period. Graham Capital Management L.P. raised its stake in Companhia Siderúrgica Nacional by 42.1% during the fourth quarter. Graham Capital Management L.P. now owns 99,374 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 29,464 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings 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 valued at $1,517,000 after acquiring an additional 436,157 shares during the period. Northern Trust Corp boosted its stake in shares of Companhia Siderúrgica Nacional by 2,160.7% in 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. Finally, Virtus ETF Advisers LLC grew its holdings in shares of Companhia Siderúrgica Nacional by 23.9% in the 4th quarter. Virtus ETF Advisers LLC now owns 85,026 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 16,414 shares during the last quarter.

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.