Companhia Siderúrgica Nacional (NYSE:SID) was downgraded by TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.
Shares of SID opened at $8.84 on Wednesday. Companhia Siderúrgica Nacional has a 1-year low of $1.88 and a 1-year high of $10.33. The firm’s 50-day moving average is $8.66. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 0.13 and a beta of 1.89. The company has a quick ratio of 1.46, a current ratio of 1.80 and a debt-to-equity ratio of 1.77.
Companhia Siderúrgica Nacional (NYSE:SID) last posted its quarterly earnings results on Friday, May 7th. The basic materials company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.51 by $0.19. Companhia Siderúrgica Nacional had a net margin of 29.22% and a return on equity of 105.00%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. Equities analysts predict that Companhia Siderúrgica Nacional will post 2.88 EPS for the current year.
About Companhia Siderúrgica Nacional
Companhia SiderÃºrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Logistics, Energy, and Cement. It offers flat steel products, such as high, medium, low carbon, micro-alloyed, 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 that consist 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.
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