National Steel (NYSE:SID) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

National Steel Company (NYSE:SID) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.62 and traded as high as $1.69. National Steel shares last traded at $1.6650, with a volume of 3,742,338 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SID. Weiss Ratings reissued a “sell (d)” rating on shares of National Steel in a report on Wednesday, January 21st. UBS Group lifted 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. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, National Steel has a consensus rating of “Sell” and an average target price of $1.40.

National Steel Price Performance

The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.91 and a current ratio of 1.32. The company has a market capitalization of $2.21 billion, a PE ratio of -9.79 and a beta of 1.66. The company’s 50-day simple moving average is $1.78 and its 200-day simple moving average is $1.62.

Institutional Trading of National Steel

A hedge fund recently raised its stake in National Steel stock. HRT Financial LP raised its stake in National Steel Company (NYSE:SID) by 175.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 564,262 shares of the basic materials company’s stock after purchasing an additional 359,335 shares during the quarter. HRT Financial LP’s holdings in National Steel were worth $902,000 at the end of the most recent reporting period.

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.