National Steel (NYSE:SID) Shares Gap Up - Should You Buy?

Key Points

• Shares gapped up ~10.1%, opening at $1.21 (prior close $1.14) and last trading at $1.2450 on volume of 881,206 shares.
• Analysts are largely negative with a consensus "Strong Sell" rating and an average target price of $1.40 following recent downgrades.
• HRT Financial LP boosted its stake 175.3% in Q4 to 564,262 shares (valued at ~$902,000); the company shows a market cap of $1.66B, a negative PE (-5.23) and a high debt-to-equity ratio (2.49).

National Steel Company (NYSE:SID - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.14, but opened at $1.21. National Steel shares last traded at $1.2450, with a volume of 881,206 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on SID. Weiss Ratings reissued a "sell (d)" rating on shares of National Steel in a research note on Wednesday, January 21st. UBS Group lifted their target price on National Steel from $1.30 to $1.40 and gave the company a "sell" rating in a research report on Monday, December 15th. Finally, Zacks Research lowered shares of National Steel from a "hold" rating to a "strong sell" rating in a research note on Monday, March 9th. Three investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Strong Sell" and an average target price of $1.40.

National Steel Stock Up 10.1%

The firm has a market cap of $1.66 billion, a PE ratio of -5.23 and a beta of 1.67. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 2.49. The business has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $1.63.

Institutional Investors Weigh In On National Steel

An institutional investor recently raised its position in National Steel stock. HRT Financial LP lifted its position in shares of National Steel Company (NYSE:SID - Free Report) by 175.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 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.

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