National Steel (NYSE:SID) Reaches New 12-Month Low - What's Next?

Key Points

• National Steel shares fell to a new 52-week low of $0.8641, last trading at $0.8590 versus a prior close of $0.9004.
• Analyst sentiment remains negative: the stock carries a consensus “Sell” rating from three analysts, although the $1.40 consensus price target implies potential upside.
• The company’s latest quarterly results missed expectations, reporting a loss of $0.08 per share and revenue of $2.04 billion; National Steel also posted negative margins and return on equity.

National Steel Company (NYSE:SID - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $0.8641 and last traded at $0.8590, with a volume of 2443855 shares traded. The stock had previously closed at $0.9004.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of National Steel in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell" and a consensus target price of $1.40.

National Steel Price Performance

The firm's 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.32. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 0.73. The stock has a market cap of $1.11 billion, a PE ratio of -3.51 and a beta of 1.57.

National Steel (NYSE:SID - Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.13). National Steel had a negative net margin of 3.92% and a negative return on equity of 10.69%. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $2.08 billion. On average, research analysts expect that National Steel Company will post 0.11 earnings per share for the current year.

Institutional Trading of National Steel

An institutional investor recently raised its position in National Steel stock. HRT Financial LP increased its stake in shares of National Steel Company (NYSE:SID - Free Report) by 175.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source