National Steel (NYSE:SID) Trading 4.3% Higher – Should You Buy?

National Steel Company (NYSE:SID) rose 4.3% during mid-day trading on Tuesday . The stock traded as high as $1.08 and last traded at $1.0850. 862,583 shares changed hands during trading, a decline of 81% from the average session volume of 4,482,755 shares. The stock had previously closed at $1.04.

Wall Street Analyst Weigh In

SID has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of National Steel from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 13th. Wall Street Zen downgraded National Steel from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of National Steel in a report on Wednesday, June 17th. Three research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Strong Sell” and a consensus price target of $1.40.

National Steel Stock Performance

The stock’s 50 day moving average price is $0.98 and its two-hundred day moving average price is $1.21. 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 firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.43 and a beta of 1.61.

National Steel (NYSE:SID) last released its quarterly earnings data on Thursday, August 13th. The basic materials company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). National Steel had a negative net margin of 5.26% and a negative return on equity of 14.90%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.13 billion. On average, analysts forecast that National Steel Company will post 0.11 EPS for the current year.

Institutional Investors Weigh In On National Steel

An institutional investor recently raised its position in National Steel stock. HRT Financial LP boosted its position in National Steel Company (NYSE:SID) by 175.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,262 shares of the basic materials company’s stock after purchasing an additional 359,335 shares during the period. 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.