Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag National Steel's stock rose despite a loss and "Sell" rating due to strong revenue and heavy trading.

flag National Steel (NYSE:SID) shares rose above their 200-day moving average, hitting a high of $1.95 and closing at $1.8850 on Thursday on heavy volume of 6.9 million shares. flag Despite the technical breakout, analysts maintain a "Sell" consensus rating, citing a projected fiscal year loss of $0.02 per share, negative net margin, and poor return on equity. flag The company reported fourth-quarter earnings of $0.01 per share, missing the $0.10 estimate, though revenue of $2.22 billion surpassed the $2.08 billion expected. flag National Steel, an integrated steel producer in Brazil and Latin America, has a market cap of $2.5 billion, a negative P/E ratio, and a debt-to-equity ratio of 2.49.

3 Articles