Shares of Companhia Siderurgica Nacional (NYSE:SID) have earned an average rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company.

A number of equities research analysts have recently weighed in on SID shares. Morgan Stanley downgraded Companhia Siderurgica Nacional from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 11th. ValuEngine downgraded Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, TheStreet upgraded Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a report on Friday, June 21st.

Several hedge funds and other institutional investors have recently modified their holdings of SID. Vanguard Group Inc. boosted its position in Companhia Siderurgica Nacional by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 8,335,438 shares of the basic materials company’s stock valued at $35,926,000 after purchasing an additional 446,622 shares during the period. Morgan Stanley boosted its position in Companhia Siderurgica Nacional by 11.9% during the 2nd quarter. Morgan Stanley now owns 3,057,708 shares of the basic materials company’s stock valued at $13,179,000 after purchasing an additional 324,997 shares during the period. Bank of America Corp DE boosted its position in Companhia Siderurgica Nacional by 487.3% during the 2nd quarter. Bank of America Corp DE now owns 2,934,247 shares of the basic materials company’s stock valued at $12,647,000 after purchasing an additional 2,434,637 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Companhia Siderurgica Nacional by 216.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,084,734 shares of the basic materials company’s stock valued at $8,985,000 after purchasing an additional 1,426,333 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in Companhia Siderurgica Nacional by 6.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,597,104 shares of the basic materials company’s stock valued at $6,884,000 after purchasing an additional 96,064 shares during the period. Institutional investors and hedge funds own 3.80% of the company’s stock.

Shares of NYSE SID traded up $0.08 during trading on Monday, reaching $3.61. The stock had a trading volume of 2,920,380 shares, compared to its average volume of 3,972,978. Companhia Siderurgica Nacional has a one year low of $1.93 and a one year high of $4.71. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.71 and a current ratio of 1.23. The stock has a market cap of $4.77 billion, a PE ratio of 3.80 and a beta of 1.90. The firm’s 50 day moving average price is $3.64 and its two-hundred day moving average price is $3.95.

Companhia Siderurgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel, such as slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.

Read More: Most Active Stocks

Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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