National Steel (NYSE:SID) Lowered to “Strong Sell” Rating by Zacks Research

National Steel (NYSE:SID) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the stock. UBS Group boosted their price target on shares of National Steel from $1.30 to $1.40 and gave the company a “sell” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “sell (d)” rating on shares of National Steel in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Strong Sell” and an average price target of $1.40.

National Steel Stock Down 0.3%

SID stock opened at $1.42 on Monday. The stock has a market cap of $1.88 billion, a P/E ratio of -8.33 and a beta of 1.67. The company has a current ratio of 1.32, a quick ratio of 0.91 and a debt-to-equity ratio of 2.49. National Steel has a twelve month low of $1.24 and a twelve month high of $2.20. The company’s 50 day moving average is $1.76 and its two-hundred day moving average is $1.64.

Hedge Funds Weigh In On National Steel

A hedge fund recently raised its stake in National Steel stock. HRT Financial LP raised its stake in shares of National Steel Company (NYSE:SID) by 175.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 564,262 shares of the basic materials company’s stock after acquiring 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 SEC filing.

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.