National Steel (NYSE:SID) Sets New 12-Month Low – Should You Sell?

National Steel Company (NYSE:SID)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $0.9050 and last traded at $0.9130, with a volume of 2849319 shares traded. The stock had previously closed at $0.9384.

Wall Street Analysts Forecast Growth

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

National Steel Price Performance

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -3.80 and a beta of 1.54. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 2.60. The company’s fifty day moving average is $1.24 and its two-hundred day moving average is $1.48.

National Steel (NYSE:SID) last released its quarterly earnings results on Thursday, May 14th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.08 billion. As a group, research analysts predict that National Steel Company will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On National Steel

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

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.