National Steel (NYSE:SID) Reaches New 1-Year High – Time to Buy?

National Steel Company (NYSE:SID) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $2.20 and last traded at $2.1250, with a volume of 6869429 shares changing hands. The stock had previously closed at $2.06.

Analysts Set New Price Targets

SID has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of National Steel from $1.30 to $1.40 and gave the company a “sell” rating in a report on Monday, December 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of National Steel in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus price target of $1.40.

National Steel Trading Up 3.2%

The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of -12.50 and a beta of 1.67. The business has a 50-day moving average of $1.72 and a two-hundred day moving average of $1.58. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 2.49.

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

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.