Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $1.47, but opened at $1.43. Companhia Siderúrgica Nacional shares last traded at $1.47, with a volume of 119,948 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms have commented on SID. UBS Group began coverage on shares of Companhia Siderúrgica Nacional in a research report on Wednesday. They set a “sell” rating and a $1.30 price target for the company. StockNews.com lowered shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.
View Our Latest Analysis on SID
Companhia Siderúrgica Nacional Price Performance
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Companhia Siderúrgica Nacional by 41.3% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 9,314 shares during the last quarter. Graham Capital Management L.P. raised its stake in shares of Companhia Siderúrgica Nacional by 42.1% in the fourth quarter. Graham Capital Management L.P. now owns 99,374 shares of the basic materials company’s stock worth $143,000 after purchasing an additional 29,464 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Companhia Siderúrgica Nacional by 70.7% in the fourth quarter. BNP Paribas Financial Markets now owns 1,053,204 shares of the basic materials company’s stock worth $1,517,000 after purchasing an additional 436,157 shares during the last quarter. Northern Trust Corp raised its stake in shares of Companhia Siderúrgica Nacional by 2,160.7% in the fourth quarter. Northern Trust Corp now owns 1,584,832 shares of the basic materials company’s stock worth $2,282,000 after purchasing an additional 1,514,727 shares during the last quarter. Finally, Virtus ETF Advisers LLC raised its stake in shares of Companhia Siderúrgica Nacional by 23.9% in the fourth quarter. Virtus ETF Advisers LLC now owns 85,026 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 16,414 shares during the last quarter.
Companhia Siderúrgica Nacional Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.
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