Companhia Siderurgica Nacional (NYSE:SID)’s share price rose 5.7% during trading on Tuesday . The company traded as high as $2.45 and last traded at $2.41. Approximately 3,094,621 shares were traded during trading, an increase of 10% from the average daily volume of 2,825,331 shares. The stock had previously closed at $2.28.

SID has been the subject of a number of recent research reports. Credit Suisse Group upgraded shares of Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a research note on Monday, June 4th. Zacks Investment Research upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research note on Thursday, July 19th. ValuEngine downgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Finally, Bank of America initiated coverage on shares of Companhia Siderurgica Nacional in a research note on Thursday, August 16th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $2.25.

The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 2.99.

The firm also recently disclosed a special dividend, which was paid on Friday, September 7th. Stockholders of record on Thursday, August 30th were paid a dividend of $0.1618 per share. This is an increase from Companhia Siderurgica Nacional’s previous special dividend of $0.06. The ex-dividend date was Wednesday, August 29th.

A number of large investors have recently modified their holdings of the stock. IPG Investment Advisors LLC acquired a new stake in Companhia Siderurgica Nacional in the 2nd quarter valued at about $119,000. Banco de Sabadell S.A acquired a new stake in Companhia Siderurgica Nacional in the 1st quarter valued at about $152,000. Barclays PLC lifted its stake in Companhia Siderurgica Nacional by 28.9% in the 1st quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock valued at $914,000 after purchasing an additional 77,779 shares during the last quarter. Citadel Advisors LLC lifted its stake in Companhia Siderurgica Nacional by 15.1% in the 1st quarter. Citadel Advisors LLC now owns 643,739 shares of the basic materials company’s stock valued at $1,693,000 after purchasing an additional 84,395 shares during the last quarter. Finally, Credit Agricole S A acquired a new stake in Companhia Siderurgica Nacional in the 2nd quarter valued at about $193,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

About Companhia Siderurgica Nacional (NYSE:SID)

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.

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