National Steel (NYSE:SID) Trading Up 7.6% – Should You Buy?

National Steel Company (NYSE:SID)’s share price was up 7.6% on Tuesday . The stock traded as high as $2.05 and last traded at $2.0450. Approximately 1,769,066 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 4,233,290 shares. The stock had previously closed at $1.90.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SID shares. Weiss Ratings reiterated a “sell (d)” rating on shares of National Steel in a research note on Wednesday, January 21st. UBS Group upped their price objective on National Steel from $1.30 to $1.40 and gave the stock a “sell” rating in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, National Steel has an average rating of “Sell” and a consensus target price of $1.40.

National Steel Price Performance

The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -11.97 and a beta of 1.67. The company has a fifty day moving average price of $1.70 and a two-hundred day moving average price of $1.57.

National Steel (NYSE:SID) last announced its earnings results on Monday, November 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.08 billion. National Steel had a negative return on equity of 7.77% and a negative net margin of 2.88%. On average, equities research analysts expect that National Steel Company will post -0.02 EPS for the current fiscal year.

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.