National Steel (NYSE:SID) Stock Rating Lowered by Zacks Research

National Steel (NYSE:SID – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of National Steel in a research report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus price target of $1.40.

Get National Steel alerts:

Read Our Latest Report on National Steel

National Steel Price Performance

NYSE SID opened at $0.89 on Thursday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.60 and a beta of 1.57. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 0.73. The business’s fifty day moving average price is $1.01 and its 200-day moving average price is $1.29. National Steel has a 1-year low of $0.84 and a 1-year high of $2.20.

National Steel (NYSE:SID – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The basic materials company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). National Steel had a negative net margin of 5.26% and a negative return on equity of 14.91%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.13 billion. On average, equities analysts predict that National Steel will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On National Steel

An institutional investor recently raised its position in National Steel stock. HRT Financial LP boosted its position in shares of National Steel Company (NYSE:SID – Free Report) by 175.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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

(Get Free Report)

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
• Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
• Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
• NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
• Sandisk’s Margins Look Like Software. Can They Last?

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.