National Steel (NYSE:SID) Trading Down 3.4% - Should You Sell?

Key Points

• National Steel shares fell 3.4% to about $0.995, with trading volume down 92% from the average session. The stock remains below its 200-day moving average of $1.24.
• Analyst sentiment has deteriorated, with Wall Street Zen and Zacks Research downgrading the stock to “sell” and “strong sell,” respectively. MarketBeat reports a consensus rating of “Strong Sell” and a price target of $1.40.
• The company matched quarterly EPS expectations at a loss of $0.12 but exceeded revenue estimates with $2.18 billion. National Steel continues to report negative profitability metrics, including a 14.90% negative return on equity and a 5.26% negative net margin.

National Steel Company (NYSE:SID - Get Free Report) shares traded down 3.4% during trading on Tuesday . The stock traded as low as $0.9869 and last traded at $0.9950. Approximately 385,384 shares were traded during trading, a decline of 92% from the average session volume of 4,561,640 shares. The stock had previously closed at $1.03.

Analyst Ratings Changes

SID has been the topic of a number of recent analyst reports. Wall Street Zen cut National Steel from a "hold" rating to a "sell" rating in a research report on Saturday. Zacks Research downgraded National Steel from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 13th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of National Steel in a report on Wednesday, June 17th. Three analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Strong Sell" and a consensus price target of $1.40.

National Steel Trading Down 2.4%

The company has a debt-to-equity ratio of 2.96, a current ratio of 1.15 and a quick ratio of 0.79. The business's fifty day simple moving average is $0.98 and its 200 day simple moving average is $1.24. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -2.96 and a beta of 1.57.

National Steel (NYSE:SID - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.13 billion. National Steel had a negative return on equity of 14.90% and a negative net margin of 5.26%. On average, research analysts predict that National Steel Company will post 0.11 EPS for the current year.

Hedge Funds Weigh In On National Steel

An institutional investor recently raised its position in National Steel stock. HRT Financial LP boosted its holdings in National Steel Company (NYSE:SID - Free Report) by 175.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

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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