National Steel (NYSE:SID) Stock Price Down 7% – Should You Sell?

National Steel Company (NYSE:SID) traded down 7% during mid-day trading on Monday . The company traded as low as $1.25 and last traded at $1.2550. 2,254,092 shares traded hands during trading, a decline of 53% from the average session volume of 4,808,026 shares. The stock had previously closed at $1.35.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised National Steel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, National Steel presently has a consensus rating of “Sell” and a consensus target price of $1.40.

National Steel Stock Performance

The company has a debt-to-equity ratio of 2.70, a current ratio of 1.08 and a quick ratio of 0.71. The stock has a market capitalization of $1.65 billion, a P/E ratio of -5.19 and a beta of 1.54. The company has a fifty day moving average of $1.30 and a two-hundred day moving average of $1.54.

National Steel (NYSE:SID) last announced its quarterly earnings data on Thursday, May 14th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.13). The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.08 billion. National Steel had a negative net margin of 3.92% and a negative return on equity of 10.71%. On average, equities analysts anticipate that National Steel Company will post 0.38 EPS for the current year.

Institutional Investors Weigh In On National Steel

A hedge fund recently raised its stake in National Steel stock. HRT Financial LP boosted its position in National Steel Company (NYSE:SID) by 175.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 564,262 shares of the basic materials company’s stock after purchasing an additional 359,335 shares during the period. HRT Financial LP’s holdings in National Steel were worth $902,000 as of its most recent SEC filing.

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.