National Steel (NYSE:SID) Sets New 1-Year Low - Time to Sell?

Key Points

• Shares of National Steel Company (NYSE:SID) reached a new 52-week low at $1.27 and last traded at $1.28.
• Despite the low stock price, Wall Street analysts have upgraded National Steel from a "hold" to a "buy" rating on May 16th.
• The company reported a quarterly earnings loss of ($0.02) per share, missing analysts' expectations, with a negative net margin of 5.06%.

National Steel Company (NYSE:SID - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $1.27 and last traded at $1.28, with a volume of 2475076 shares traded. The stock had previously closed at $1.32.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded National Steel from a "hold" rating to a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, National Steel currently has a consensus rating of "Sell" and a consensus target price of $1.30.

National Steel Trading Down 1.2%

The business has a fifty day moving average of $1.44 and a two-hundred day moving average of $1.53. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -4.33 and a beta of 1.64. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.95 and a current ratio of 1.35.

National Steel (NYSE:SID - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.09). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $10.98 billion. National Steel had a negative net margin of 5.06% and a negative return on equity of 13.90%. As a group, equities analysts expect that National Steel Company will post -0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Steel

A number of large investors have recently bought and sold shares of the stock. Inspire Investing LLC grew its holdings in National Steel by 155.7% during the 1st quarter. Inspire Investing LLC now owns 31,681 shares of the basic materials company's stock valued at $53,000 after buying an additional 19,289 shares during the last quarter. EntryPoint Capital LLC grew its holdings in National Steel by 23.0% during the 1st quarter. EntryPoint Capital LLC now owns 46,975 shares of the basic materials company's stock valued at $78,000 after buying an additional 8,798 shares during the last quarter. American Century Companies Inc. grew its holdings in National Steel by 0.6% during the 1st quarter. American Century Companies Inc. now owns 2,187,196 shares of the basic materials company's stock valued at $3,653,000 after buying an additional 13,632 shares during the last quarter. Savvy Advisors Inc. grew its holdings in National Steel by 18.7% during the 1st quarter. Savvy Advisors Inc. now owns 42,872 shares of the basic materials company's stock valued at $72,000 after buying an additional 6,739 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in National Steel by 41.4% during the 1st quarter. Headlands Technologies LLC now owns 62,710 shares of the basic materials company's stock valued at $105,000 after buying an additional 18,359 shares during the last quarter.

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.