National Steel (NYSE:SID) Shares Up 7.2% – Should You Buy?

National Steel Company (NYSE:SID)’s stock price was up 7.2% during trading on Friday. The company traded as high as $1.10 and last traded at $1.1150. 3,555,163 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 5,363,678 shares. The stock had previously closed at $1.04.

Analyst Ratings Changes

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

National Steel Stock Up 7.2%

The stock has a market capitalization of $1.48 billion, a P/E ratio of -3.28 and a beta of 1.55. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.15 and a quick ratio of 0.79. The stock has a fifty day moving average price of $1.13 and a 200 day moving average price of $1.15.

National Steel (NYSE:SID) last issued its earnings results on Thursday, August 13th. The basic materials company reported ($0.12) EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $2.13 billion. On average, research analysts forecast that National Steel Company will post -0.20 earnings per share for the current year.

National Steel Company Profile

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.