National Steel (NYSE:SID) Shares Down 3.4% – Should You Sell?

National Steel Company (NYSE:SID) traded down 3.4% during mid-day trading on Tuesday . The stock traded as low as $0.9869 and last traded at $0.9950. 385,384 shares changed hands during trading, a decline of 92% from the average daily volume of 4,561,640 shares. The stock had previously closed at $1.03.

Analyst Ratings Changes

Several research analysts recently issued reports 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 reiterated a “sell (d-)” rating on shares of National Steel in a report on Wednesday, June 17th. Finally, Zacks Research lowered shares of National Steel from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 13th. Three analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, National Steel currently has an average rating of “Strong Sell” and a consensus price target of $1.40.

National Steel Price Performance

The stock has a market cap of $1.37 billion, a PE ratio of -3.04 and a beta of 1.57. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a 50-day moving average of $0.97 and a 200-day moving average of $1.23.

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

Institutional Investors Weigh In On National Steel

A hedge fund recently raised its position in National Steel stock. HRT Financial LP lifted its holdings in National Steel Company (NYSE:SID) by 175.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

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.