Companhia Siderúrgica Nacional (NYSE:SID) Rating Lowered to C+ at TheStreet

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.

Several large investors have recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of Companhia Siderúrgica Nacional by 195,173.0% in the 4th quarter. Morgan Stanley now owns 3,518,820 shares of the basic materials company’s stock valued at $20,938,000 after purchasing an additional 3,517,018 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Companhia Siderúrgica Nacional in the 1st quarter valued at about $18,612,000. Northern Trust Corp raised its holdings in shares of Companhia Siderúrgica Nacional by 9.5% in the 1st quarter. Northern Trust Corp now owns 1,315,551 shares of the basic materials company’s stock valued at $8,815,000 after purchasing an additional 113,832 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Companhia Siderúrgica Nacional in the 1st quarter valued at about $7,308,000. Finally, Schroder Investment Management Group raised its stake in shares of Companhia Siderúrgica Nacional by 71.8% during the 1st quarter. Schroder Investment Management Group now owns 1,080,569 shares of the basic materials company’s stock worth $7,240,000 after acquiring an additional 451,779 shares in the last quarter. Institutional investors and hedge funds own 2.78% of the company’s stock.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica 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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