Traders buy large volume of call options on Companhia Siderúrgica Nacional (NYSE:SID)

0

Companhia Siderurgica Nacional (NYSE: SIDGet a rating) saw some unusual options trading on Thursday. Investors acquired 2,325 call options on the company. This represents an increase of approximately 359% from the typical daily volume of 506 call options.

Companhia Siderúrgica Nacional Trading down 2.7%

NYSE SID traded down $0.07 during Thursday’s trading, hitting $2.57. The stock recorded a trading volume of 438,496 shares, compared to an average volume of 4,384,971 shares. Companhia Siderúrgica Nacional has a 12-month low of $2.20 and a 12-month high of $5.97. The company has a market capitalization of $3.57 billion, a PE ratio of 4.81, a PEG ratio of 1.31 and a beta of 1.71. The company has a quick ratio of 0.97, a current ratio of 1.45 and a debt ratio of 1.35. The company has a 50-day moving average price of $2.56 and a 200-day moving average price of $3.11.

Companhia Siderurgica Nacional (NYSE: SIDGet a rating) last reported quarterly earnings data on Monday, August 15. The basic materials company reported EPS of $0.06 for the quarter, missing analyst consensus estimates of $0.13 per ($0.07). Companhia Siderúrgica Nacional achieved a return on equity of 11.70% and a net margin of 6.49%. The company posted revenue of $2.15 billion for the quarter, versus analyst estimates of $1.96 billion. As a group, equity research analysts expect Companhia Siderúrgica Nacional to post 0.62 earnings per share for the current year.

A Wall Street analyst gives his opinion

A number of brokerages have weighed in on SID. Bradesco Corretora downgraded Companhia Siderúrgica Nacional from an “overperforming” rating to a “neutral” rating in a Wednesday, September 21 report. StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report released Thursday. Finally, Bank of America downgraded Companhia Siderúrgica Nacional’s rating from a “neutral” rating to an “underperforming” rating in a Friday, August 26 research report. One analyst has rated the stock with a sell rating and four have issued a hold rating for the stock. According to MarketBeat, Companhia Siderúrgica Nacional currently has an average rating of “Hold”.

Hedge funds weigh on Companhia Siderúrgica Nacional

A number of institutional investors and hedge funds have recently changed their positions in the stock. Advisor Group Holdings Inc. increased its stake in Companhia Siderúrgica Nacional by 724.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,828 shares of the basic materials company worth $37,000 after buying 6,000 more shares in the last quarter. Inspire Advisors LLC increased its stake in Companhia Siderúrgica Nacional by 56.1% during the third quarter. Inspire Advisors LLC now owns 17,680 shares of the basic materials company worth $42,000 after buying an additional 6,355 shares in the last quarter. Creative Planning increased its stake in Companhia Siderúrgica Nacional by 1,561.6% in the second quarter. Creative Planning now owns 15,602 shares of the basic materials company valued at $46,000 after buying 14,663 additional shares in the last quarter. Balentine LLC purchased a new stake in Companhia Siderúrgica Nacional in the first quarter, valued at approximately $57,000. Finally, Legacy Wealth Asset Management LLC acquired a new stake in Companhia Siderúrgica Nacional in the first quarter, valued at approximately $59,000. 2.82% of the shares are held by institutional investors and hedge funds.

About Companhia Siderurgica Nacional

(Get a rating)

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates in 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 hot-rolled coils and sheets; cold rolled products including cold rolled coils and sheets; galvanized products; tinned or chromium plated products consisting of flat rolled low carbon steel coils or sheets; and steel profiles, channels, UPE sections and sleepers for the distribution, packaging, automotive, appliance and construction industries.

Read more

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Companhia Siderúrgica Nacional, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads… and Companhia Siderúrgica Nacional was not on the list.

While Companhia Siderúrgica Nacional currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Share.

Comments are closed.