Stock Traders Buy High Volume of Companhia Siderúrgica Nacional Call Options (NYSE:SID)

Companhia Siderúrgica Nacional (NYSE:SID) was the recipient of unusually large options trading activity on Friday. Stock investors purchased 3,883 call options on the stock. This represents an increase of approximately 1,933% compared to the average volume of 191 call options.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Companhia Siderúrgica Nacional by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,314,589 shares of the basic materials company’s stock valued at $12,702,000 after purchasing an additional 126,736 shares during the period. BlackRock Inc. grew its stake in shares of Companhia Siderúrgica Nacional by 34.4% during the 2nd 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 during the period. Van ECK Associates Corp grew its stake in shares of Companhia Siderúrgica Nacional by 41.9% during the 4th quarter. Van ECK Associates Corp now owns 1,703,380 shares of the basic materials company’s stock valued at $6,694,000 after purchasing an additional 502,993 shares during the period. State Street Corp grew its stake in shares of Companhia Siderúrgica Nacional by 2.5% during the 2nd quarter. State Street Corp now owns 1,529,158 shares of the basic materials company’s stock valued at $4,149,000 after purchasing an additional 37,248 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Companhia Siderúrgica Nacional by 9.3% during the 3rd quarter. American Century Companies Inc. now owns 1,374,594 shares of the basic materials company’s stock valued at $3,285,000 after purchasing an additional 117,194 shares during the period.

Analyst Ratings Changes

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

Companhia Siderúrgica Nacional Stock Performance

NYSE:SID opened at $2.82 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 1.89. The stock has a market cap of $3.91 billion, a P/E ratio of 56.40, a price-to-earnings-growth ratio of 0.74 and a beta of 1.97. The firm’s fifty day simple moving average is $3.20 and its 200 day simple moving average is $3.17. Companhia Siderúrgica Nacional has a twelve month low of $2.11 and a twelve month high of $4.03.

Companhia Siderúrgica Nacional (NYSE:SID) last announced its quarterly earnings data on Thursday, March 7th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $2.42 billion for the quarter. Companhia Siderúrgica Nacional had a net margin of 0.76% and a return on equity of 1.69%. As a group, research analysts predict that Companhia Siderúrgica Nacional will post 0.12 EPS for the current year.

About Companhia Siderúrgica Nacional

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.