Companhia Sider�rgica Nacional (SID) Given Consensus Rating of “Hold” by Brokerages

Companhia Sider�rgica Nacional (NYSE:SID) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation.

SID has been the topic of several research reports. Morgan Stanley upgraded shares of Companhia Sider�rgica Nacional from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 10th. JPMorgan Chase upgraded shares of Companhia Sider�rgica Nacional from an “underweight” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, UBS upgraded shares of Companhia Sider�rgica Nacional from a “sell” rating to a “neutral” rating in a research report on Thursday, January 11th.

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Shares of NYSE:SID traded down $0.08 on Monday, hitting $2.44. The stock had a trading volume of 2,255,625 shares, compared to its average volume of 3,569,107. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.70 and a current ratio of 1.11. Companhia Sider�rgica Nacional has a twelve month low of $1.76 and a twelve month high of $3.55.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in Companhia Sider�rgica Nacional by 87.6% during the 4th quarter. Jane Street Group LLC now owns 352,682 shares of the basic materials company’s stock worth $864,000 after buying an additional 164,710 shares in the last quarter. Millennium Management LLC lifted its position in Companhia Sider�rgica Nacional by 1,548.5% during the 4th quarter. Millennium Management LLC now owns 679,026 shares of the basic materials company’s stock worth $1,664,000 after buying an additional 637,835 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Companhia Sider�rgica Nacional during the 4th quarter worth about $475,000. Two Sigma Securities LLC lifted its position in Companhia Sider�rgica Nacional by 545.0% during the 4th quarter. Two Sigma Securities LLC now owns 113,904 shares of the basic materials company’s stock worth $279,000 after buying an additional 96,245 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Companhia Sider�rgica Nacional by 33.6% during the 4th quarter. Deutsche Bank AG now owns 61,795 shares of the basic materials company’s stock worth $151,000 after buying an additional 15,537 shares in the last quarter. Institutional investors and hedge funds own 2.77% of the company’s stock.

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About Companhia Sider�rgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through Steel, Mining, Logistics, Cement, and Energy segments. It offers steel products, such as coated sheets, galvanized steel, pre-painted steel, metal sheets, and flat and long steel products for automotive, civil construction, packaging, appliances, OEM, and distribution markets.

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