Companhia Siderurgica Nacional (SID) Shares Gap Up to $2.63

Companhia Siderurgica Nacional (NYSE:SID) shares gapped up prior to trading on Monday . The stock had previously closed at $2.75, but opened at $2.63. Companhia Siderurgica Nacional shares last traded at $2.65, with a volume of 819809 shares.

Several research analysts have weighed in on SID shares. UBS raised Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a research report on Thursday, January 11th. JPMorgan Chase raised Companhia Siderurgica Nacional from an “underweight” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, Morgan Stanley raised Companhia Siderurgica Nacional from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold”.

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The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.70 and a current ratio of 1.11.

Hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its holdings in shares of Companhia Siderurgica Nacional by 1,548.5% during the 4th quarter. Millennium Management LLC now owns 679,026 shares of the basic materials company’s stock valued at $1,664,000 after acquiring an additional 637,835 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Companhia Siderurgica Nacional by 87.6% during the 4th quarter. Jane Street Group LLC now owns 352,682 shares of the basic materials company’s stock valued at $864,000 after acquiring an additional 164,710 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of Companhia Siderurgica Nacional during the 4th quarter valued at about $475,000. Aperio Group LLC increased its holdings in shares of Companhia Siderurgica Nacional by 29.1% during the 4th quarter. Aperio Group LLC now owns 168,323 shares of the basic materials company’s stock valued at $412,000 after acquiring an additional 37,967 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Companhia Siderurgica Nacional during the 4th quarter valued at about $313,000. 2.77% of the stock is currently owned by institutional investors.

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About Companhia Siderurgica Nacional

Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates in five segments: Steel, Mining, Cement, Logistics and Energy.

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