National Steel (NYSE:SID) Reaches New 1-Year Low - What's Next?

Key Points

• National Steel shares hit a new 52-week low, trading as low as $0.7032 and last at $0.7040, down about 2.2% from the prior close.
• Analyst sentiment is negative: three analysts rate the stock Sell, with a consensus rating of Strong Sell and a $1.40 target price.
• In its latest quarter, the company reported a loss of $0.12 per share, in line with expectations, while revenue of $2.18 billion topped estimates of $2.13 billion.

National Steel Company (NYSE:SID - Get Free Report) shares reached a new 52-week low on Tuesday. The company traded as low as $0.7032 and last traded at $0.7040, with a volume of 11,012,332 shares trading hands. The stock had previously closed at $0.72.

Analysts Set New Price Targets

A number of equities analysts have commented on SID shares. Wall Street Zen lowered shares of National Steel from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. Weiss Ratings restated a "sell (d-)" rating on shares of National Steel in a research note on Monday, September 14th. Finally, Zacks Research downgraded National Steel from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of "Strong Sell" and a consensus target price of $1.40.

National Steel Stock Down 2.2%

The stock has a market capitalization of $933.57 million, a P/E ratio of -2.07 and a beta of 1.55. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 2.96. The stock's 50 day simple moving average is $1.12 and its 200 day simple moving average is $1.26.

National Steel (NYSE:SID - Get Free Report) last released its earnings results on Thursday, August 13th. The basic materials company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). National Steel had a negative net margin of 5.26% and a negative return on equity of 14.90%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.13 billion. As a group, research analysts predict that National Steel Company will post -0.20 EPS for the current fiscal year.

National Steel Company Profile

Companhia Siderúrgica Nacional NYSE: SID, commonly known as CSN, is a Brazilian industrial company engaged primarily in steel production. Its operations include the manufacture and sale of flat steel products, such as galvanized, tinplate and coated steel, as well as other products used in construction, automotive manufacturing, appliances and industrial applications.

Founded in 1941, CSN operates an integrated steelmaking complex in Volta Redonda, in the state of Rio de Janeiro. The company also has interests in iron ore mining, cement production, logistics and energy, supporting its vertically integrated industrial model.

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