National Steel (NYSE:SID) Upgraded by Zacks Research to Hold Rating

National Steel (NYSE:SID) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of National Steel in a research note on Wednesday, January 21st. UBS Group lifted their price target on National Steel from $1.30 to $1.40 and gave the stock a “sell” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, National Steel has a consensus rating of “Sell” and a consensus price target of $1.40.

National Steel Trading Up 7.7%

NYSE SID opened at $1.34 on Tuesday. National Steel has a 52 week low of $1.11 and a 52 week high of $2.20. The firm has a 50 day moving average of $1.51 and a two-hundred day moving average of $1.61. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $1.77 billion, a PE ratio of -5.56 and a beta of 1.73.

National Steel (NYSE:SID) last announced its quarterly earnings data on Sunday, February 15th. The basic materials company reported ($0.10) earnings per share for the quarter. The firm had revenue of $2.07 billion during the quarter. National Steel had a negative net margin of 4.00% and a negative return on equity of 10.92%. As a group, research analysts expect that National Steel will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in National Steel stock. HRT Financial LP grew its stake in National Steel Company (NYSE:SID) by 175.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 564,262 shares of the basic materials company’s stock after buying an additional 359,335 shares during the period. HRT Financial LP’s holdings in National Steel were worth $902,000 at the end of the most recent reporting period.

About National Steel

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.