National Steel (NYSE:SID) Raised to “Hold” at Zacks Research

National Steel (NYSE:SID) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on SID. UBS Group increased their price objective on National Steel from $1.30 to $1.40 and gave the company a “sell” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “sell (d)” rating on shares of National Steel in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, National Steel has a consensus rating of “Sell” and an average target price of $1.40.

National Steel Stock Up 1.1%

Shares of SID traded up $0.02 on Tuesday, hitting $1.35. 173,245 shares of the stock traded hands, compared to its average volume of 5,650,414. National Steel has a one year low of $1.11 and a one year high of $2.20. The company has a market capitalization of $1.78 billion, a PE ratio of -5.60 and a beta of 1.73. The business has a 50 day simple moving average of $1.51 and a 200 day simple moving average of $1.61. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.91 and a current ratio of 1.08.

National Steel (NYSE:SID) last issued its earnings results on Sunday, February 15th. The basic materials company reported ($0.10) EPS for the quarter. The business had revenue of $2.07 billion for the quarter. National Steel had a negative net margin of 4.00% and a negative return on equity of 10.92%. As a group, equities analysts forecast that National Steel will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Steel

A hedge fund recently raised its stake in National Steel stock. HRT Financial LP raised its stake in shares of National Steel Company (NYSE:SID) by 175.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 564,262 shares of the basic materials company’s stock after purchasing 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.