Companhia Siderúrgica Nacional (NYSE:SID) Trading Down 7.4%

Shares of Companhia Siderúrgica Nacional (NYSE:SIDGet Rating) fell 7.4% on Thursday . The company traded as low as $3.24 and last traded at $3.25. 493,386 shares were traded during trading, a decline of 91% from the average session volume of 5,800,107 shares. The stock had previously closed at $3.51.

A number of research firms recently weighed in on SID. StockNews.com cut Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research raised Companhia Siderúrgica Nacional from a “hold” rating to a “strong-buy” rating and set a $6.00 target price for the company in a research note on Friday, April 8th. Finally, Morgan Stanley cut Companhia Siderúrgica Nacional from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 23rd. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Companhia Siderúrgica Nacional has an average rating of “Buy” and an average target price of $6.00.

The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.12 and a current ratio of 1.65. The firm has a market capitalization of $4.87 billion, a P/E ratio of 2.02, a price-to-earnings-growth ratio of 0.20 and a beta of 1.76. The company has a 50-day moving average price of $4.88 and a 200-day moving average price of $4.62.

Companhia Siderúrgica Nacional (NYSE:SIDGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Companhia Siderúrgica Nacional had a return on equity of 37.40% and a net margin of 19.07%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities analysts predict that Companhia Siderúrgica Nacional will post 2.07 EPS for the current year.

The business also recently declared a dividend, which was paid on Thursday, May 12th. Stockholders of record on Thursday, May 12th were given a $0.136 dividend. This is a positive change from Companhia Siderúrgica Nacional’s previous dividend of $0.00. The ex-dividend date was Wednesday, May 11th. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is currently 15.43%.

Several large investors have recently bought and sold shares of SID. Aaron Wealth Advisors LLC bought a new position in Companhia Siderúrgica Nacional during the first quarter worth about $1,249,000. Advisor Group Holdings Inc. lifted its holdings in Companhia Siderúrgica Nacional by 724.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,828 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 6,000 shares in the last quarter. SPX Equities Gestao de Recursos Ltda bought a new position in Companhia Siderúrgica Nacional during the fourth quarter worth about $32,000. Balentine LLC bought a new position in Companhia Siderúrgica Nacional during the first quarter worth about $57,000. Finally, Legacy Wealth Asset Management LLC bought a new position in Companhia Siderúrgica Nacional during the first quarter worth about $59,000. Institutional investors and hedge funds own 2.49% of the company’s stock.

Companhia Siderúrgica Nacional Company Profile (NYSE:SID)

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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