Companhia Siderúrgica Nacional (NYSE:SID) Shares Down 4.5%

Companhia Siderúrgica Nacional (NYSE:SID)’s stock price traded down 4.5% during trading on Friday . The company traded as low as $2.13 and last traded at $2.13. 275,909 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,183,221 shares. The stock had previously closed at $2.23.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a report on Friday, August 16th.

Companhia Siderúrgica Nacional Stock Down 8.1 %

The firm has a 50-day moving average of $2.16 and a two-hundred day moving average of $2.53. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.66 and a beta of 2.13. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 2.56.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.18. Companhia Siderúrgica Nacional had a negative return on equity of 0.79% and a negative net margin of 0.34%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, sell-side analysts predict that Companhia Siderúrgica Nacional will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Several large investors have recently bought and sold shares of SID. Quadrant Capital Group LLC increased its holdings in shares of Companhia Siderúrgica Nacional by 28.2% during the 4th quarter. Quadrant Capital Group LLC now owns 13,305 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 2,930 shares during the period. Inspire Advisors LLC grew its position in Companhia Siderúrgica Nacional by 19.1% during the second quarter. Inspire Advisors LLC now owns 52,647 shares of the basic materials company’s stock worth $121,000 after buying an additional 8,452 shares in the last quarter. Inspire Investing LLC bought a new position in Companhia Siderúrgica Nacional during the second quarter valued at about $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in Companhia Siderúrgica Nacional in the 2nd quarter valued at approximately $28,000. Finally, Jump Financial LLC bought a new stake in shares of Companhia Siderúrgica Nacional in the 4th quarter worth approximately $51,000.

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, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free 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 consisting 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.