Companhia Siderúrgica Nacional (NYSE:SID) Now Covered by UBS Group

UBS Group assumed coverage on shares of Companhia Siderúrgica Nacional (NYSE:SID) in a research note issued on Wednesday,Benzinga reports. The firm set a “sell” rating and a $1.30 price target on the basic materials company’s stock. UBS Group’s price objective suggests a potential downside of 11.26% from the company’s current price.

Separately, StockNews.com cut shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Trading Down 0.3 %

Shares of SID stock traded down $0.01 on Wednesday, hitting $1.47. The stock had a trading volume of 1,432,540 shares, compared to its average volume of 2,135,006. The company’s 50 day moving average price is $1.48 and its 200-day moving average price is $1.82. Companhia Siderúrgica Nacional has a 1 year low of $1.27 and a 1 year high of $3.29. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The firm has a market capitalization of $1.94 billion, a P/E ratio of -9.77 and a beta of 2.16.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Several large investors have recently bought and sold shares of the stock. Savvy Advisors Inc. acquired a new position in shares of Companhia Siderúrgica Nacional during the third quarter worth about $55,000. Caprock Group LLC acquired a new position in Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $57,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Companhia Siderúrgica Nacional in the 3rd quarter valued at approximately $101,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Companhia Siderúrgica Nacional in the 3rd quarter valued at $3,585,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Companhia Siderúrgica Nacional by 11.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company’s stock worth $1,475,000 after purchasing an additional 65,219 shares during the last quarter.

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 Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.