National Steel Company (NYSE:SID – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $1.18, but opened at $1.02. National Steel shares last traded at $0.9630, with a volume of 5,973,170 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of National Steel from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Steel in a research note on Monday, September 14th. Finally, Zacks Research lowered shares of National Steel from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Three analysts have rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Sell” and a consensus price target of $1.40.
View Our Latest Stock Report on SID
National Steel Stock Down 4.6%
The business has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.28.
National Steel (NYSE:SID – Get Free Report) last posted 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 analysts’ expectations of $2.13 billion. As a group, equities research analysts anticipate that National Steel Company will post -0.20 EPS for the current year.
About National Steel
Companhia Siderúrgica Nacional (NYSE: SID), commonly known as CSN, is a Brazilian industrial company engaged primarily in steel production. Its operations include the manufacture and sale of flat steel products, such as galvanized, tinplate and coated steel, as well as other products used in construction, automotive manufacturing, appliances and industrial applications.
Founded in 1941, CSN operates an integrated steelmaking complex in Volta Redonda, in the state of Rio de Janeiro. The company also has interests in iron ore mining, cement production, logistics and energy, supporting its vertically integrated industrial model.
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