National Steel (NYSE:SID) Shares Up 6% – Still a Buy?

Posted by Brenda Bartman on Sep 9th, 2026

National Steel Company (NYSE:SID – Get Free Report) shot up 6% during mid-day trading on Wednesday . The stock traded as high as $1.32 and last traded at $1.3150. Approximately 4,876,547 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 4,586,157 shares. The stock had previously closed at $1.24.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of National Steel in a research note on Wednesday, June 17th. Wall Street Zen lowered shares of National Steel from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Zacks Research cut shares of National Steel from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, National Steel currently has a consensus rating of “Strong Sell” and a consensus price target of $1.40.

View Our Latest Stock Analysis on National Steel

National Steel Trading Up 4.4%

The company’s fifty day simple moving average is $1.00 and its two-hundred day simple moving average is $1.19. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -3.81 and a beta of 1.61. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 2.96.

National Steel (NYSE:SID – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.13 billion. National Steel had a negative return on equity of 14.90% and a negative net margin of 5.26%. Research analysts forecast that National Steel Company will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of National Steel

A hedge fund recently raised its position in National Steel stock. HRT Financial LP raised its stake in National Steel Company (NYSE:SID – Free Report) by 175.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the 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 at the end of the most recent reporting period.

About National Steel

(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.