National Steel (NYSE:SID) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of National Steel Company (NYSE:SID) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.52 and traded as high as $1.6277. National Steel shares last traded at $1.5950, with a volume of 2,214,438 shares changing hands.

Wall Street Analyst Weigh In

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

National Steel Price Performance

The company has a fifty day moving average of $1.64 and a 200-day moving average of $1.52. The company has a current ratio of 1.32, a quick ratio of 0.91 and a debt-to-equity ratio of 2.49. The stock has a market cap of $2.12 billion, a PE ratio of -9.38 and a beta of 1.74.

National Steel (NYSE:SID) last announced 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 for the quarter, compared to analysts’ expectations of $2.08 billion. National Steel had a negative net margin of 2.88% and a negative return on equity of 7.77%. Sell-side analysts expect that National Steel Company will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On National Steel

An institutional investor recently raised its position in National Steel stock. Inspire Investing LLC raised its holdings in National Steel Company (NYSE:SID) by 155.7% in the 1st quarter, according to its most recent 13F filing 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 period. Inspire Investing LLC’s holdings in National Steel were worth $53,000 as of its most recent SEC filing.

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.