It was announced on Wednesday by Bradesco Corretora that the rating for Companhia Siderrgica Nacional (NYSE: SID-Get Rating) has been changed from “outperform” to “neutral.” In recent times, SID has received feedback from several new industry professionals working in the equity sector. The rating that Bank of America has given to Companhia Siderrgica Nacional has been changed from “neutral” to “underperform” in a research note published on Friday, August 26, 2018. TheStreet downgraded its recommendation on shares of Companhia Siderrgica Nacional from a “b-” rating to a “c+” rating in a research report published on Monday, July 11th. The analysis is available here. Only one of the analysts has indicated that clients sell the company, while the other four have recommended that investors keep their current stake.
According to MarketBeat.com, the consensus among industry analysts is that customers should “hold” their company shares for the foreseeable future. When the market started on Wednesday, the price of a share of Companhia Siderrgica Nacional was $2.58, which remained at that price throughout the day. 1.68 is the value of the current ratio, 1.12 is the value of the quick ratio, and 1.25 is the value of the debt-to-equity ratio. The share price of Companhia Siderrgica Nacional fluctuated between $2.42 and $5.97 throughout the preceding twelve months. The price range was wide. The company’s market capitalization is estimated to be worth $3.58 billion. Its PE ratio is currently sitting at 2.11, its P/E/G ratio is currently sitting at 0.90, and its beta is now at 1.79. The moving averages of the company over the previous 50 days are $2.82, and for the last 200 days, they are $3.80. In the most recent period, a few hedge funds have made adjustments to the SID holdings that they have in their portfolios.
A 357.3% gain in the proportion of Companhia Siderrgica Nacional stock that Bank of America Corporation DE owned as of the end of the fourth quarter was accomplished by this investment company. Bank of America Corp. DE currently owns 1,446,582 shares of the basic materials firm, which has a value of $6,422,000 following the acquisition of an additional 1,130,260 shares during the quarter. These shares have a value of $6,422,000. During the fourth quarter of 2018, Renaissance Technologies LLC completed a 39.4% increase in its holding share in Companhia Siderrgica Nacional. After acquiring an additional 877,887 shares of the basic materials firm during the quarter, Renaissance Technologies LLC now owns a total of 3,108,800 shares of the company’s stock. These shares are currently worth a total of $13,803,000 as of right now. The number of Companhia Siderrgica Nacional shares owned by Dimensional Fund Advisors LP climbed by 14.1% during the fourth quarter.
Following the acquisition of 730,767 shares during the most recent quarter, Dimensional Fund Advisors LP now owns 5,904,114 shares of the common stock of the basic materials company. The value of this stock holding is $26,209,000. These shares were acquired over the most recent fiscal quarter. BNP Paribas Arbitrage SA boosted its position in Companhia Siderrgica Nacional by 625.5 percent. This increase was accomplished by increasing the proportion of the company it owns. BNP Paribas Arbitrage SA currently owns a total of 480,121 shares of the ordinary stock of the basic materials firm. These shares have a market value of $1,407,000 and were acquired by BNP Paribas Arbitrage SA by purchasing an additional 413,946 shares during the quarter.
Last but not least, Credit Suisse AG grew its holdings in Companhia Siderrgica Nacional during the second quarter by 972.3 percent. Following the purchase of an extra 374,000 shares during the most recent quarter, Credit Suisse AG now has a total of 412,464 shares of the company that produces basic materials with a value of $1,208,000. This brings the total number of shares held by Credit Suisse AG to 412,464. About 2.82 percent of the total number of shares outstanding in the company is held by hedge funds and other institutional investors. Companhia Siderrgica Nacional, the Brazilian and Latin American integrated steel business, is one of the company’s five major business divisions, along with steel, mining, logistics, and energy. Cement is the company’s fifth business division.
Flat-rolled low-carbon steel coils or sheets; profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, and auto industries; cold-rolled products include galvanized products; hot-rolled products include heavy and light-gauge hot-rolled coils and sheets; hot-rolled products include galvanized products; cold-rolled products include cold-rolled coils and sheets, and hot-rolled products include galvanized products. In addition to high, medium, and low carbon slabs, the category of flat steel products also includes interstitial free slabs, ultra-low carbon slabs, and micro-alloyed slabs. Micro-alloyed slabs have a shallow carbon content.