National Steel (NYSE:SID) Sets New 52-Week Low – Time to Sell?

National Steel Company (NYSE:SID)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $0.7971 and last traded at $0.80, with a volume of 8,262,217 shares traded. The stock had previously closed at $0.8701.

Analysts Set New Price Targets

A number of brokerages have commented on SID. Zacks Research lowered shares of National Steel from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Wall Street Zen lowered shares of National Steel from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of National Steel in a research note on Monday, September 14th. Three research analysts have rated the stock with a Sell rating. According to data from MarketBeat, National Steel presently has a consensus rating of “Strong Sell” and an average target price of $1.40.

National Steel Stock Performance

The firm’s fifty day moving average is $1.13 and its 200 day moving average is $1.27. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -2.26 and a beta of 1.55.

National Steel (NYSE:SID) last announced its quarterly earnings results on Thursday, August 13th. The basic materials company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.13 billion. National Steel had a negative return on equity of 14.90% and a negative net margin of 5.26%. On average, analysts predict that National Steel Company will post -0.20 EPS for the current fiscal year.

National Steel Company Profile

Companhia Siderúrgica Nacional (NYSE: SID), commonly known as CSN, is a Brazilian industrial company engaged primarily in steel production. Its operations include the manufacture and sale of flat steel products, such as galvanized, tinplate and coated steel, as well as other products used in construction, automotive manufacturing, appliances and industrial applications.

Founded in 1941, CSN operates an integrated steelmaking complex in Volta Redonda, in the state of Rio de Janeiro. The company also has interests in iron ore mining, cement production, logistics and energy, supporting its vertically integrated industrial model.