National Steel (NYSE:SID) Stock Rating Lowered by Wall Street Zen

National Steel (NYSE:SID) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded National Steel from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of National Steel in a research note on Wednesday, June 17th. Three analysts have rated the stock with a Sell rating, According to MarketBeat.com, National Steel presently has an average rating of “Strong Sell” and an average price target of $1.40.

National Steel Price Performance

NYSE:SID opened at $0.98 on Friday. National Steel has a 52 week low of $0.84 and a 52 week high of $2.20. The stock’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.25. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -2.87 and a beta of 1.57. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 2.96.

National Steel (NYSE:SID) last issued its quarterly earnings data on Thursday, August 13th. 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 return on equity of 14.90% and a negative net margin of 5.26%.The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Research analysts anticipate that National Steel will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in National Steel stock. HRT Financial LP grew its stake in National Steel Company (NYSE:SID) by 175.3% in the 4th quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

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.