National Steel (NYSE:SID) Hits New 52-Week Low - What's Next?

Key Points

• Shares hit a new 52-week low, trading as low as $1.11 and last at $1.1350 on heavy volume (~2.34M shares), down from a $1.17 close.
• Analysts give SID a consensus Strong Sell (three sell ratings) with an average target of $1.40; UBS raised its price target to $1.40 but kept a "sell" rating while Zacks cut to "strong sell."
• Fundamentals point to stress—debt-to-equity 2.49, quick ratio 0.91, negative PE (-4.77)—and the stock trades below both its 50- and 200-day moving averages, suggesting continued downside pressure.

Shares of National Steel Company (NYSE:SID - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.11 and last traded at $1.1350, with a volume of 2336627 shares. The stock had previously closed at $1.17.

Analyst Ratings Changes

A number of equities research analysts have commented on SID shares. UBS Group raised their price target on National Steel from $1.30 to $1.40 and gave the company a "sell" rating in a report on Monday, December 15th. Zacks Research cut National Steel from a "hold" rating to a "strong sell" rating in a research report on Monday, March 9th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of National Steel in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Strong Sell" and an average target price of $1.40.

National Steel Stock Down 2.1%

The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.91 and a current ratio of 1.32. The firm has a market capitalization of $1.52 billion, a PE ratio of -4.77 and a beta of 1.67. The company has a fifty day moving average price of $1.71 and a 200-day moving average price of $1.63.

Institutional Trading of National Steel

A hedge fund recently raised its stake in National Steel stock. HRT Financial LP raised its holdings in shares of National Steel Company (NYSE:SID - Free Report) by 175.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

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.

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