National Steel (NYSE:SID) Shares Pass Above Two Hundred Day Moving Average - What's Next?

National Steel Company (NYSE:SID - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.53 and traded as high as $1.56. National Steel shares last traded at $1.56, with a volume of 2,767,744 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SID shares. Wall Street Zen raised National Steel from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. UBS Group assumed coverage on shares of National Steel in a report on Wednesday, March 12th. They issued a "sell" rating and a $1.30 target price for the company.

National Steel Stock Performance

The firm's 50 day simple moving average is $1.55 and its 200-day simple moving average is $1.53. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.18 and a current ratio of 1.64. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -4.45 and a beta of 1.67.

Institutional Investors Weigh In On National Steel

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of National Steel in the fourth quarter worth approximately $35,000. Kapitalo Investimentos Ltda grew its position in National Steel by 1,530.8% during the first quarter. Kapitalo Investimentos Ltda now owns 25,979 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 24,386 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in National Steel by 41.3% in 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 buying an additional 9,314 shares during the period. First Affirmative Financial Network lifted its position in National Steel by 56.7% in the 1st quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company's stock worth $51,000 after buying an additional 11,098 shares in the last quarter. Finally, Savvy Advisors Inc. lifted its position in National Steel by 56.1% in the 4th quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company's stock worth $52,000 after buying an additional 12,987 shares in the last quarter.

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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