National Steel (NYSE:SID) Shares Gap Down – Time to Sell?

National Steel Company (NYSE:SID) gapped down before the market opened on Monday . The stock had previously closed at $0.9287, but opened at $0.8901. National Steel shares last traded at $0.9110, with a volume of 444,948 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of National Steel in a report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, National Steel presently has a consensus rating of “Sell” and a consensus price target of $1.40.

National Steel Stock Performance

The firm’s fifty day moving average price is $1.05 and its 200 day moving average price is $1.32. The company has a current ratio of 1.11, a quick ratio of 0.73 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $1.21 billion, a PE ratio of -3.80 and a beta of 1.57.

National Steel (NYSE:SID) last released its quarterly earnings data on Thursday, May 14th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.13). National Steel had a negative net margin of 3.92% and a negative return on equity of 10.69%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.08 billion. On average, research analysts anticipate that National Steel Company will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On National Steel

A hedge fund recently raised its position in National Steel stock. HRT Financial LP boosted its holdings in shares of National Steel Company (NYSE:SID) by 175.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

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.