National Steel (NYSE:SID) Reaches New 12-Month Low – Here’s Why

Shares of National Steel Company (NYSE:SID) hit a new 52-week low during trading on Wednesday . The company traded as low as $1.0150 and last traded at $1.0350, with a volume of 7836605 shares trading hands. The stock had previously closed at $1.05.

Analysts Set New Price Targets

SID has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of National Steel in a research report on Wednesday, June 17th. Zacks Research upgraded shares of National Steel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average target price of $1.40.

National Steel Price Performance

The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.73 and a current ratio of 1.11. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -4.31 and a beta of 1.54. The business has a fifty day moving average of $1.27 and a two-hundred day moving average of $1.50.

National Steel (NYSE:SID) last posted its quarterly earnings results on Thursday, May 14th. The basic materials company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.13). National Steel had a negative net margin of 3.92% and a negative return on equity of 10.69%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.08 billion. As a group, research analysts predict that National Steel Company will post 0.19 EPS for the current fiscal year.

Institutional Trading of National Steel

An institutional investor recently raised its stake in National Steel stock. HRT Financial LP boosted its stake in National Steel Company (NYSE:SID) by 175.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 564,262 shares of the basic materials company’s stock after buying an additional 359,335 shares during the period. HRT Financial LP’s holdings in National Steel were worth $902,000 as of its most recent filing with the SEC.

National Steel Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.