Companhia Siderúrgica Nacional Target of Unusually High Options Trading (NYSE:SID)

Companhia Siderúrgica Nacional (NYSE:SID) was the target of some unusual options trading activity on Friday. Traders bought 3,883 call options on the company. This represents an increase of approximately 1,933% compared to the average volume of 191 call options.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. Bank of America lowered shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $3.90 to $2.90 in a research report on Tuesday, April 9th. Finally, Itau BBA Securities restated an “underperform” rating and issued a $3.00 price target on shares of Companhia Siderúrgica Nacional in a research report on Thursday, April 4th.

Companhia Siderúrgica Nacional Stock Performance

Shares of NYSE:SID remained flat at $2.72 during trading on Friday. 494,008 shares of the company’s stock were exchanged, compared to its average volume of 2,817,597. The company has a fifty day simple moving average of $3.22 and a two-hundred day simple moving average of $3.16. Companhia Siderúrgica Nacional has a 52 week low of $2.11 and a 52 week high of $4.03. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 1.89.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its earnings results on Thursday, March 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). Companhia Siderúrgica Nacional had a net margin of 0.76% and a return on equity of 1.69%. The company had revenue of $2.42 billion for the quarter. On average, equities analysts expect that Companhia Siderúrgica Nacional will post 0.16 EPS for the current fiscal year.

Institutional Trading of Companhia Siderúrgica Nacional

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP lifted its position in shares of Companhia Siderúrgica Nacional by 652.2% during the first quarter. Two Sigma Investments LP now owns 1,348,715 shares of the basic materials company’s stock worth $4,141,000 after purchasing an additional 1,169,415 shares in the last quarter. Jane Street Group LLC lifted its holdings in Companhia Siderúrgica Nacional by 865.4% in the fourth quarter. Jane Street Group LLC now owns 1,178,445 shares of the basic materials company’s stock valued at $3,253,000 after buying an additional 1,056,380 shares during the period. BlackRock Inc. increased its stake in Companhia Siderúrgica Nacional by 34.4% in the second quarter. BlackRock Inc. now owns 3,468,677 shares of the basic materials company’s stock valued at $8,984,000 after purchasing an additional 887,993 shares in the last quarter. Millennium Management LLC increased its stake in Companhia Siderúrgica Nacional by 528.4% in the fourth quarter. Millennium Management LLC now owns 876,144 shares of the basic materials company’s stock valued at $2,418,000 after purchasing an additional 736,721 shares in the last quarter. Finally, Perpetual Ltd bought a new stake in Companhia Siderúrgica Nacional in the fourth quarter valued at approximately $2,474,000.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free 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 consisting 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.