National Steel (NYSE:SID) Sets New 1-Year Low – Time to Sell?

National Steel Company (NYSE:SID) hit a new 52-week low during trading on Thursday . The stock traded as low as $1.09 and last traded at $1.0950, with a volume of 1047230 shares traded. The stock had previously closed at $1.12.

Analysts Set New Price Targets

Separately, Zacks Research raised National Steel from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Sell” and a consensus price target of $1.40.

National Steel Stock Down 4.0%

The company has a market cap of $1.43 billion, a PE ratio of -4.48 and a beta of 1.54. The company has a fifty day moving average price of $1.30 and a 200 day moving average price of $1.51. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 0.73.

National Steel (NYSE:SID) last issued its earnings results on Thursday, May 14th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.13). The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.08 billion. National Steel had a negative return on equity of 10.69% and a negative net margin of 3.92%. As a group, analysts anticipate that National Steel Company will post 0.33 EPS for the current year.

Institutional Trading of National Steel

An institutional investor recently raised its position in National Steel stock. HRT Financial LP boosted its position in National Steel Company (NYSE:SID) by 175.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,262 shares of the basic materials company’s stock after buying 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 (SEC).

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.