National Steel (NYSE:SID) Sets New 1-Year Low – Time to Sell?

National Steel Company (NYSE:SID) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $0.7032 and last traded at $0.7040, with a volume of 11,012,332 shares. The stock had previously closed at $0.72.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SID. Weiss Ratings restated a “sell (d-)” rating on shares of National Steel in a report on Monday, September 14th. Wall Street Zen downgraded shares of National Steel from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Zacks Research lowered shares of National Steel from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Strong Sell” and a consensus price target of $1.40.

National Steel Price Performance

The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -2.29 and a beta of 1.75. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 2.96. The company has a 50 day simple moving average of $1.10 and a 200 day simple moving average of $1.24.

National Steel (NYSE:SID) last released its quarterly earnings data on Thursday, August 13th. The basic materials company reported ($0.12) earnings per share 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 for the quarter, compared to analyst estimates of $2.13 billion. As a group, research analysts predict that National Steel Company will post -0.20 EPS for the current year.

About National Steel

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.