National Steel (NYSE:SID) Hits New 12-Month High – Should You Buy?

National Steel Company (NYSE:SID)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1.92 and last traded at $1.9150, with a volume of 1525177 shares changing hands. The stock had previously closed at $1.87.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SID shares. Zacks Research upgraded shares of National Steel from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. UBS Group boosted their price target on shares of National Steel from $1.30 to $1.40 and gave the stock a “sell” rating in a research note on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of National Steel in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Sell” and an average target price of $1.40.

National Steel Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 2.49. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -11.50 and a beta of 1.67. The stock’s fifty day moving average is $1.66 and its 200-day moving average is $1.55.

National Steel (NYSE:SID) last announced its quarterly earnings results on Monday, November 10th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). National Steel had a negative net margin of 2.88% and a negative return on equity of 7.77%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.08 billion. On average, analysts forecast that National Steel Company will post -0.02 EPS for the current year.

Institutional Trading of National Steel

An institutional investor recently raised its position in National Steel stock. Inspire Investing LLC grew its stake in National Steel Company (NYSE:SID) by 155.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,681 shares of the basic materials company’s stock after buying an additional 19,289 shares during the quarter. Inspire Investing LLC’s holdings in National Steel were worth $53,000 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.