National Steel (NYSE:SID) Reaches New 52-Week Low - Should You 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%.

Shares of National Steel Company (NYSE:SID - Get Free Report) hit a new 52-week low during trading 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded National Steel from a "hold" rating to a "buy" rating in a research note on Friday, May 16th.

National Steel Stock Performance

The firm has a market capitalization of $1.69 billion, a P/E ratio of -4.40 and a beta of 1.64. The stock has a fifty day simple moving average of $1.46 and a two-hundred day simple moving average of $1.54. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.35 and a quick ratio of 0.95.

National Steel (NYSE:SID - Get Free Report) last issued its quarterly 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). National Steel had a negative net margin of 5.06% and a negative return on equity of 13.90%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $10.98 billion. On average, research analysts predict that National Steel Company will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SID. Kapitalo Investimentos Ltda boosted its position in National Steel by 1,530.8% in the first quarter. Kapitalo Investimentos Ltda now owns 25,979 shares of the basic materials company's stock worth $43,000 after purchasing an additional 24,386 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in shares of National Steel by 41.3% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 9,314 shares during the period. First Affirmative Financial Network grew its stake in shares of National Steel by 56.7% during the 1st quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 11,098 shares during the period. Inspire Investing LLC grew its stake in shares of 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 purchasing an additional 19,289 shares during the period. Finally, Savvy Advisors Inc. grew its stake in shares of 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 purchasing an additional 6,739 shares during the 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.

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