National Steel (NYSE:SID) Trading Down 3.4% – What’s Next?

National Steel Company (NYSE:SID)’s stock price fell 3.4% during trading on Tuesday . The stock traded as low as $0.9869 and last traded at $0.9950. Approximately 385,384 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 4,561,640 shares. The stock had previously closed at $1.03.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SID shares. Zacks Research downgraded shares of National Steel from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of National Steel in a research report on Wednesday, June 17th. Finally, Wall Street Zen downgraded National Steel from a “hold” rating to a “sell” rating in a research note on Saturday. Three analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus price target of $1.40.

National Steel Price Performance

The company has a market cap of $1.33 billion, a P/E ratio of -2.96 and a beta of 1.57. The stock has a 50-day simple moving average of $0.98 and a 200 day simple moving average of $1.24. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.79 and a current ratio of 1.15.

National Steel (NYSE:SID) last announced its quarterly earnings results on Thursday, August 13th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). National Steel had a negative net margin of 5.26% and a negative return on equity of 14.90%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.13 billion. On average, equities analysts expect that National Steel Company will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in National Steel stock. HRT Financial LP raised its stake in shares of National Steel Company (NYSE:SID) by 175.3% during the fourth quarter, according to its most recent disclosure with the Securities and 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 quarter. HRT Financial LP’s holdings in National Steel were worth $902,000 as of its most recent filing with the Securities and 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.