National Steel (SID) Receiving Somewhat Positive Press Coverage, Report Shows
Media coverage about National Steel (NYSE:SID) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. National Steel earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 48.8921684429472 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Meet the company building robots to augment – not replace – humans (bgr.com)
- Lackenby steel mill is beaming with pride again (gazettelive.co.uk)
- Maithan Alloys: Upcycle in steel to drive earnings of this low-cost producer (moneycontrol.com)
- Head-To-Head Survey: Synalloy (SYNL) vs. National Steel (SID) (americanbankingnews.com)
- IBC Amendments Pose Trouble for ArcelorMittal’s Steel Firms Bid (thewire.in)
Several equities analysts have recently weighed in on the stock. UBS raised shares of National Steel from an “underperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Credit Suisse Group raised shares of National Steel from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 7th. Finally, BidaskClub raised shares of National Steel from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th.
Shares of National Steel (NYSE SID) traded down $0.01 on Wednesday, reaching $2.28. 3,043,800 shares of the company’s stock traded hands, compared to its average volume of 2,627,253. National Steel has a 52 week low of $1.76 and a 52 week high of $4.24. The company has a debt-to-equity ratio of 3.84, a quick ratio of 1.15 and a current ratio of 1.81. The firm has a market cap of $3,284.26, a PE ratio of 9.68 and a beta of 2.21.
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About National Steel
Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates in five segments: Steel, Mining, Cement, Logistics and Energy.
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