National Steel (NYSE:SID) Stock Falls 5.4% – Should You Sell?

National Steel Company (NYSE:SID) was down 5.4% on Tuesday. The stock traded as low as $0.8606 and last traded at $0.8630. 7,007,512 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 5,578,422 shares. The stock had previously closed at $0.9118.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SID shares. Wall Street Zen cut shares of National Steel from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of National Steel in a report on Monday, September 14th. Finally, Zacks Research downgraded shares of National Steel from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Three analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and a consensus target price of $1.40.

National Steel Stock Performance

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 company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.54 and a beta of 1.55. The firm’s fifty day simple moving average is $1.13 and its 200 day simple moving average is $1.29.

National Steel (NYSE:SID) last announced its quarterly earnings results on Thursday, August 13th. The basic materials company reported ($0.12) EPS for the quarter, meeting the consensus estimate 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. On average, sell-side analysts forecast that National Steel Company will post -0.20 EPS for the current year.

National Steel Company Profile

Companhia Siderúrgica Nacional (NYSE: SID), commonly known as CSN, is a Brazilian industrial company engaged primarily in steel production. Its operations include the manufacture and sale of flat steel products, such as galvanized, tinplate and coated steel, as well as other products used in construction, automotive manufacturing, appliances and industrial applications.

Founded in 1941, CSN operates an integrated steelmaking complex in Volta Redonda, in the state of Rio de Janeiro. The company also has interests in iron ore mining, cement production, logistics and energy, supporting its vertically integrated industrial model.