National Steel Company (NYSE:SID – Get Free Report)’s share price gapped down prior to trading 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.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of National Steel in a research report on Wednesday, June 17th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus price target of $1.40.
Check Out Our Latest Stock Report on National Steel
National Steel Price Performance
National Steel (NYSE:SID – Get Free Report) last announced its earnings results on Thursday, May 14th. The basic materials company reported ($0.08) 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 analyst estimates of $2.08 billion. National Steel had a negative return on equity of 10.69% and a negative net margin of 3.92%. Equities analysts anticipate that National Steel Company will post 0.11 EPS for the current year.
Institutional Trading of National Steel
A hedge fund recently raised its position in National Steel stock. HRT Financial LP lifted its holdings in National Steel Company (NYSE:SID – Free Report) by 175.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.
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.
Featured Stories
- Five stocks we like better than National Steel
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
- 5 Stocks the Market Rewarded After Strong Earnings Results
- Is Wingstop’s Growth Story Losing Steam?
Receive News & Ratings for National Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Steel and related companies with MarketBeat.com's FREE daily email newsletter.
