In yesterday’s Wall Street session, Companhia Siderurgica Nacional ADR (NYSE:SID) shares traded at $3.23, down -2.42% from the previous session.
8 analysts cover Companhia Siderurgica Nacional ADR (NYSE:SID), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.32 and a low of $2.26, we find $2.88. Given the previous closing price of $3.31, this indicates a potential downside of -12.99 percent. SID stock price is now 32.61% away from the 50-day moving average and 19.19% away from the 200-day moving average. The market capitalization of the company currently stands at $4.28B.
The stock has received a hold rating from 5 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $2.96 as their price target over the next twelve months.
A total of 0.01% of the company’s stock is owned by insiders.
On Wednesday morning Companhia Siderurgica Nacional ADR (NYSE: SID) stock kicked off with the opening price of $3.1900. During the past 12 months, Companhia Siderurgica Nacional ADR has had a low of $2.11 and a high of $3.70. As of last week, the company has a debt-to-equity ratio of 2.49, a current ratio of 1.53, and a quick ratio of 1.08. The fifty day moving average price for SID is $2.4358 and a two-hundred day moving average price translates $2.7099 for the stock.
The latest earnings results from Companhia Siderurgica Nacional ADR (NYSE: SID) was released for Sep, 2023. The net profit margin was -1.93% and return on equity was -4.56% for SID. The company reported revenue of $2.28 billion for the quarter, compared to $2.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.58 percent.
Companhia Siderurgica Nacional ADR(SID) 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. It primarily explores for iron ore reserves at Casa de Pedra and Engenho mines located in the city of Congonhas; and limestone and dolomite at the Bocaina mine located in the city of Arcos in the state of Minas Gerais, Brazil, as well as produces tin. In addition, the company operates railway and port facilities; produces and sells cement to construction material stores, home centers, concrete producers, construction companies, mortar industries, and cement artifact producers; and generates electric power from its thermoelectric co-generation and hydroelectric power plants. Companhia Siderúrgica Nacional was incorporated in 1941 and is headquartered in São Paulo, Brazil.
