Shares of Companhia Siderurgica Nacional (NYSE:SID) gapped down before the market opened on Friday . The stock had previously closed at $2.53, but opened at $2.44. Companhia Siderurgica Nacional shares last traded at $2.33, with a volume of 4103483 shares.
SID has been the topic of several recent research reports. Zacks Investment Research downgraded Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet raised Companhia Siderurgica Nacional from a “d+” rating to a “c” rating in a research note on Friday, May 18th. Finally, Credit Suisse Group raised Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a research note on Monday, June 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Companhia Siderurgica Nacional has a consensus rating of “Hold” and a consensus target price of $2.25.
The company has a debt-to-equity ratio of 2.99, a current ratio of 1.25 and a quick ratio of 0.65.
About Companhia Siderurgica Nacional
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.
Further Reading: Average Daily Trade Volume – What You Need to Know
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