StockNews.com cut shares of Companhia Siderúrgica Nacional (NYSE:SID – Free Report) from a strong-buy rating to a buy rating in a research report released on Wednesday.
Companhia Siderúrgica Nacional Price Performance
SID opened at $2.32 on Wednesday. The firm has a market capitalization of $3.21 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 0.72 and a beta of 2.13. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.29 and a quick ratio of 0.89. The business’s 50-day moving average is $2.17 and its two-hundred day moving average is $2.47. Companhia Siderúrgica Nacional has a 1 year low of $1.89 and a 1 year high of $4.03.
Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.18. Companhia Siderúrgica Nacional had a negative net margin of 0.34% and a negative return on equity of 0.79%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.94 billion. Research analysts anticipate that Companhia Siderúrgica Nacional will post 0.38 earnings per share for the current fiscal year.
Institutional Trading of Companhia Siderúrgica Nacional
About Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, 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 consisting 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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