TheStreet upgraded shares of Companhia Siderurgica Nacional (NYSE:SID) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Separately, Zacks Investment Research cut shares of Companhia Siderurgica Nacional from a hold rating to a sell rating in a research report on Thursday, August 18th.

Shares of Companhia Siderurgica Nacional (NYSE:SID) opened at 3.06 on Tuesday. The stock has a 50 day moving average of $3.15 and a 200-day moving average of $2.82. Companhia Siderurgica Nacional has a 12-month low of $0.73 and a 12-month high of $3.92. The company has a market capitalization of $4.15 billion, a P/E ratio of 22.50 and a beta of 2.28.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arlington Capital Management Inc. acquired a new position in shares of Companhia Siderurgica Nacional during the second quarter worth $10,605,000. BlackRock Inc. boosted its position in shares of Companhia Siderurgica Nacional by 3.9% in the first quarter. BlackRock Inc. now owns 58,381 shares of the company’s stock worth $115,000 after buying an additional 2,192 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Companhia Siderurgica Nacional by 35.3% in the second quarter. JPMorgan Chase & Co. now owns 518,175 shares of the company’s stock worth $1,270,000 after buying an additional 135,075 shares during the period. Global X Management Co. LLC boosted its position in shares of Companhia Siderurgica Nacional by 5.4% in the second quarter. Global X Management Co. LLC now owns 44,900 shares of the company’s stock worth $110,000 after buying an additional 2,293 shares during the period. Finally, World Asset Management Inc boosted its position in shares of Companhia Siderurgica Nacional by 7.5% in the second quarter. World Asset Management Inc now owns 86,364 shares of the company’s stock worth $212,000 after buying an additional 6,015 shares during the period. Hedge funds and other institutional investors own 3.51% of the company’s stock.

About Companhia Siderurgica Nacional

Companhia Siderurgica Nacional 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 through five segments: steel, mining, cement, logistics and energy.

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