National Steel (NYSE:SID) Stock Rating Lowered by Zacks Research

National Steel (NYSE:SID) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, 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.com, National Steel has a consensus rating of “Strong Sell” and an average target price of $1.40.

National Steel Stock Performance

Shares of SID opened at $0.89 on Thursday. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 0.73. National Steel has a one year low of $0.84 and a one year high of $2.20. The company has a 50-day simple moving average of $1.01 and a two-hundred day simple moving average of $1.29. The firm has a market capitalization of $1.17 billion, a PE ratio of -2.60 and a beta of 1.57.

National Steel (NYSE:SID) last announced its earnings results on Wednesday, August 12th. The basic materials company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). National Steel had a negative net margin of 5.26% and a negative return on equity of 14.91%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.13 billion. On average, analysts anticipate that National Steel will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On National Steel

An institutional investor recently raised its stake in National Steel stock. HRT Financial LP lifted its stake in National Steel Company (NYSE:SID) by 175.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

National Steel Company Profile

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.