National Steel's (SID) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• National Steel's stock rating has been reaffirmed as "Sell (D)" by Weiss Ratings, while Zacks Research upgraded it from "strong sell" to "hold," indicating mixed analyst sentiments.
• The company's current price target is $1.30, with shares trading at $1.63, reflecting a 0.9% decline during mid-day trading.
• National Steel reported a loss of ($0.02) earnings per share, significantly missing analysts' estimates, and had a negative net margin of 5.06% for the last quarter.

National Steel (NYSE:SID - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by stock analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Separately, Zacks Research raised National Steel from a "strong sell" rating to a "hold" rating in a research note on Friday, September 19th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, National Steel currently has an average rating of "Sell" and a consensus price target of $1.30.

National Steel Trading Down 0.9%

Shares of NYSE:SID traded down $0.02 during mid-day trading on Friday, reaching $1.63. 2,074,646 shares of the company's stock were exchanged, compared to its average volume of 2,766,653. 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 has a twelve month low of $1.24 and a twelve month high of $2.21. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -5.60, a PEG ratio of 1.27 and a beta of 1.67. The business's fifty day moving average price is $1.49 and its 200-day moving average price is $1.50.

National Steel (NYSE:SID - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.09). The company had revenue of $1.91 billion during 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%. On average, research analysts predict that National Steel will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC grew its stake in National Steel by 155.7% during the first quarter. Inspire Investing LLC now owns 31,681 shares of the basic materials company's stock worth $53,000 after purchasing an additional 19,289 shares during the period. XTX Topco Ltd lifted its stake in National Steel by 1,323.3% in the first quarter. XTX Topco Ltd now owns 299,898 shares of the basic materials company's stock valued at $501,000 after buying an additional 278,828 shares during the period. Inspire Advisors LLC boosted its holdings in shares of National Steel by 36.8% during the 1st quarter. Inspire Advisors LLC now owns 91,555 shares of the basic materials company's stock worth $153,000 after buying an additional 24,642 shares in the last quarter. Headlands Technologies LLC grew its position in shares of National Steel by 41.4% during the 1st quarter. Headlands Technologies LLC now owns 62,710 shares of the basic materials company's stock worth $105,000 after buying an additional 18,359 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of National Steel by 0.6% in 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 acquiring an additional 13,632 shares in 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.

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