National Steel (NYSE:SID) Upgraded at Zacks Research

Zacks Research upgraded shares of National Steel (NYSE:SID) from a strong sell rating to a hold rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on SID. UBS Group raised their target price on National Steel from $1.30 to $1.40 and gave the stock a “sell” rating in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of National Steel in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, National Steel has an average rating of “Sell” and an average price target of $1.40.

National Steel Price Performance

Shares of SID opened at $1.37 on Tuesday. National Steel has a 1 year low of $1.11 and a 1 year high of $2.20. 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 company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -5.69 and a beta of 1.73. The business has a 50-day moving average of $1.50 and a 200-day moving average of $1.61.

National Steel (NYSE:SID) last issued its quarterly earnings data on Sunday, February 15th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter. National Steel had a negative return on equity of 10.92% and a negative net margin of 4.00%.The company had revenue of $2.07 billion for the quarter. As a group, equities research analysts anticipate that National Steel will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On National Steel

An institutional investor recently raised its position in National Steel stock. HRT Financial LP increased its holdings in shares of National Steel Company (NYSE:SID) by 175.3% in the 4th 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 at the end of the most recent quarter.

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.