Companhia Siderurgica Nacional (SID) Shares Gap Up to $4.10

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Shares of Companhia Siderurgica Nacional (NYSE:SID) gapped up before the market opened on Monday . The stock had previously closed at $3.91, but opened at $4.10. Companhia Siderurgica Nacional shares last traded at $4.13, with a volume of 4742231 shares trading hands.

A number of analysts have recently weighed in on the company. Goldman Sachs Group raised Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a research note on Sunday. Zacks Investment Research raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Thursday, April 11th. Standpoint Research lowered Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Morgan Stanley raised Companhia Siderurgica Nacional from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 5th. Finally, HSBC raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Companhia Siderurgica Nacional has a consensus rating of “Buy” and a consensus price target of $4.75.

The company has a current ratio of 1.05, a quick ratio of 0.61 and a debt-to-equity ratio of 2.31.

Hedge funds have recently made changes to their positions in the stock. OLD Mission Capital LLC purchased a new position in Companhia Siderurgica Nacional during the fourth quarter valued at $43,000. D. E. Shaw & Co. Inc. lifted its position in Companhia Siderurgica Nacional by 161.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 46,840 shares of the basic materials company’s stock valued at $103,000 after buying an additional 28,901 shares during the period. Two Sigma Advisers LP purchased a new position in Companhia Siderurgica Nacional during the fourth quarter valued at $107,000. O Shaughnessy Asset Management LLC lifted its position in Companhia Siderurgica Nacional by 34.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 55,404 shares of the basic materials company’s stock valued at $121,000 after buying an additional 14,294 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in Companhia Siderurgica Nacional during the fourth quarter valued at $127,000. 2.51% of the stock is owned by institutional investors.

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Companhia Siderurgica Nacional Company Profile (NYSE:SID)

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.

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