National Steel (NYSE:SID) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

National Steel (NYSE:SID) announced its earnings results on Wednesday. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.11), FiscalAI reports. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.08 billion. National Steel had a negative return on equity of 10.92% and a negative net margin of 4.00%.

National Steel Price Performance

NYSE SID traded down $0.09 on Friday, reaching $1.27. The company’s stock had a trading volume of 3,370,127 shares, compared to its average volume of 5,021,820. The firm has a market cap of $1.68 billion, a PE ratio of -5.27 and a beta of 1.54. The business has a 50-day moving average price of $1.30 and a 200 day moving average price of $1.57. National Steel has a 52 week low of $1.11 and a 52 week high of $2.20. The company has a current ratio of 1.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.70.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research upgraded shares of National Steel from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings restated a “sell (d)” rating on shares of National Steel in a 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Sell” and an average price target of $1.40.

Institutional Trading of National Steel

An institutional investor recently raised its position in National Steel stock. HRT Financial LP raised its position in National Steel Company (NYSE:SID) by 175.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

About National Steel

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.