National Steel (NYSE:SID) Trading 5.3% Higher – Should You Buy?

National Steel Company (NYSE:SID) traded up 5.3% on Friday . The company traded as high as $1.0099 and last traded at $1.0050. 689,460 shares changed hands during trading, a decline of 86% from the average session volume of 4,797,098 shares. The stock had previously closed at $0.9547.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Zacks Research upgraded National Steel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of National Steel in a research report on Wednesday, June 17th. 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, National Steel presently has a consensus rating of “Sell” and a consensus price target of $1.40.

National Steel Stock 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 stock has a market cap of $1.35 billion, a PE ratio of -4.23 and a beta of 1.58. The firm has a fifty day moving average price of $1.17 and a 200 day moving average price of $1.43.

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

Hedge Funds Weigh In On National Steel

A hedge fund recently raised its position in National Steel stock. HRT Financial LP increased its stake in National Steel Company (NYSE:SID) by 175.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 564,262 shares of the basic materials company’s stock after purchasing 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 Securities & Exchange Commission.

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.