National Steel Company (NYSE:SID) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other research analysts also recently weighed in on the stock. TheStreet downgraded shares of National Steel from a “c-” rating to a “d+” rating in a research report on Monday, May 1st. Zacks Investment Research downgraded shares of National Steel from a “buy” rating to a “hold” rating in a research report on Friday, April 21st.

Shares of National Steel (NYSE:SID) opened at 2.76 on Wednesday. The stock’s 50 day moving average is $2.22 and its 200 day moving average is $2.78. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 8.73 and a beta of 2.27. National Steel has a 52 week low of $1.76 and a 52 week high of $4.24.

TRADEMARK VIOLATION NOTICE: “BidaskClub Upgrades National Steel Company (SID) to Hold” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/09/bidaskclub-upgrades-national-steel-company-sid-to-hold.html.

A number of hedge funds and other institutional investors have recently modified their holdings of SID. Credit Suisse AG increased its position in shares of National Steel by 11.2% in the first quarter. Credit Suisse AG now owns 735,909 shares of the basic materials company’s stock worth $2,150,000 after buying an additional 74,312 shares during the period. KCG Holdings Inc. increased its position in shares of National Steel by 58.7% in the first quarter. KCG Holdings Inc. now owns 79,803 shares of the basic materials company’s stock worth $233,000 after buying an additional 29,502 shares during the period. Morgan Stanley increased its position in shares of National Steel by 343.8% in the first quarter. Morgan Stanley now owns 3,237,262 shares of the basic materials company’s stock worth $9,453,000 after buying an additional 2,507,863 shares during the period. UBS Group AG increased its position in shares of National Steel by 97.3% in the first quarter. UBS Group AG now owns 106,345 shares of the basic materials company’s stock worth $310,000 after buying an additional 52,458 shares during the period. Finally, Arlington Capital Management Inc. increased its position in shares of National Steel by 4.5% in the first quarter. Arlington Capital Management Inc. now owns 5,047,968 shares of the basic materials company’s stock worth $14,740,000 after buying an additional 217,061 shares during the period. Institutional investors own 3.35% of the company’s stock.

National Steel 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.

Receive News & Ratings for National Steel Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Steel Company and related companies with MarketBeat.com's FREE daily email newsletter.