Shares of Companhia Siderurgica Nacional (NYSE:SID) dropped 5.8% on Monday . The company traded as low as $3.41 and last traded at $3.41. Approximately 2,193,982 shares were traded during trading, a decline of 50% from the average daily volume of 4,408,755 shares. The stock had previously closed at $3.62.
SID has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of Companhia Siderurgica Nacional from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 5th. Itau BBA Securities upgraded shares of Companhia Siderurgica Nacional from a “market perform” rating to an “outperform” rating in a report on Thursday, February 21st. BTIG Research upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a report on Wednesday, January 23rd. HSBC upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, Zacks Investment Research lowered shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $4.75.
The company has a debt-to-equity ratio of 2.23, a current ratio of 1.14 and a quick ratio of 0.68.
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Companhia Siderurgica 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, Cement, Logistics, and Energy. It offers flat steel, such as 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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