National Steel (NYSE:SID) Trading 6.9% Higher - What's Next?

Key Points

• National Steel shares rose 6.9% intraday to about $1.045, although trading volume was 86% below the average session volume.
• Analyst sentiment remains highly negative: three analysts rate the stock Sell, giving it a consensus “Strong Sell” rating, despite a $1.40 target price.
• The company matched quarterly EPS estimates at a loss of $0.12 while revenue of $2.18 billion exceeded forecasts; financial metrics include a high 2.96 debt-to-equity ratio and negative net margin.

National Steel Company (NYSE:SID - Get Free Report)'s share price was up 6.9% during mid-day trading on Monday . The stock traded as high as $1.0350 and last traded at $1.0450. 636,870 shares traded hands during trading, a decline of 86% from the average session volume of 4,573,582 shares. The stock had previously closed at $0.9772.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SID shares. Wall Street Zen lowered shares of National Steel from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings restated a "sell (d-)" rating on shares of National Steel in a research note on Wednesday, June 17th. Finally, Zacks Research lowered National Steel from a "hold" rating to a "strong sell" rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Strong Sell" and a consensus target price of $1.40.

National Steel Trading Up 4.9%

The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 2.96. The firm's 50 day moving average is $0.98 and its two-hundred day moving average is $1.25. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -3.01 and a beta of 1.57.

National Steel (NYSE:SID - Get Free Report) last posted its earnings results on Thursday, August 13th. The basic materials company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). National Steel had a negative return on equity of 14.90% and a negative net margin of 5.26%.The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.13 billion. Equities analysts anticipate that National Steel Company will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in National Steel stock. HRT Financial LP increased its position in National Steel Company (NYSE:SID - Free Report) by 175.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 564,262 shares of the basic materials company's stock after buying an additional 359,335 shares during the quarter. HRT Financial LP's holdings in National Steel were worth $902,000 at the end of the most recent reporting period.

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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