5 Best Undervalued Stocks to Buy Now

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In this article we will take a look at the 5 best undervalued stocks to buy now. For a detailed analysis of these companies, go directly to the 10 Best Undervalued Stocks to Buy Now.

5. Companhia Siderúrgica Nacional (NYSE: SID)

Number of Hedge Fund Holders: 12

PE Ratio: 17.6

Companhia Siderúrgica Nacional (NYSE: SID) is a Brazil-based steel producer that is one of the largest such firms in South and Central America. Some of the products made and sold by the firm include flat steel, interstitial free slabs, hot-rolled products, galvanized products, and tin mill products. The firm also mines precious metals, including iron. It has a large export business as well. The firm was founded in 1941 and is ranked fifth on our list of 10 best undervalued stocks to buy now. 

In February, Companhia Siderúrgica Nacional (NYSE: SID) announced that it would be raising steel prices by more than 25% in the second quarter of 2021 as part of a plan to reduce the firm’s debt. The rise in prices will benefit the firm as sales are expected to increase by almost 15% compared to the same period last year. 

Out of the hedge funds being tracked by Insider Monkey, Boston-based firm Capital Growth Management is a leading shareholder in the firm with 4.8 million shares worth more than $28 million. 

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