National Steel Company (NYSE:SID) Upgraded at BidaskClub

BidaskClub upgraded shares of National Steel Company (NYSE:SID) from a sell rating to a hold rating in a research report report published on Wednesday.

Several other analysts have also weighed in on SID. Zacks Investment Research lowered National Steel Company from a buy rating to a hold rating in a report on Friday, April 21st. TheStreet lowered National Steel Company from a c- rating to a d+ rating in a report on Monday, May 1st.

National Steel Company (SID) traded up 1.40% during midday trading on Wednesday, reaching $2.18. The company’s stock had a trading volume of 477,342 shares. National Steel Company has a 1-year low of $1.76 and a 1-year high of $4.24. The company’s 50-day moving average price is $2.05 and its 200-day moving average price is $2.95. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 7.29 and a beta of 2.25.

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Hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its stake in shares of National Steel Company by 213.3% in the first quarter. Acrospire Investment Management LLC now owns 34,518 shares of the basic materials company’s stock valued at $101,000 after buying an additional 23,500 shares during the period. Karp Capital Management Corp purchased a new stake in shares of National Steel Company during the first quarter valued at $174,000. Comerica Bank raised its stake in shares of National Steel Company by 1.3% in the first quarter. Comerica Bank now owns 79,557 shares of the basic materials company’s stock valued at $190,000 after buying an additional 1,034 shares during the period. KCG Holdings Inc. raised its stake in shares of National Steel Company by 58.7% in the first quarter. KCG Holdings Inc. now owns 79,803 shares of the basic materials company’s stock valued at $233,000 after buying an additional 29,502 shares during the period. Finally, World Asset Management Inc raised its stake in shares of National Steel Company by 0.5% in the first quarter. World Asset Management Inc now owns 86,108 shares of the basic materials company’s stock valued at $251,000 after buying an additional 451 shares during the period. Institutional investors and hedge funds own 3.34% of the company’s stock.

National Steel Company Company Profile

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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