National Steel (SID) Earning Somewhat Favorable News Coverage, Analysis Shows

News coverage about National Steel (NYSE:SID) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. National Steel earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.1855264242662 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of National Steel (NYSE SID) opened at 2.62 on Friday. National Steel has a 1-year low of $1.76 and a 1-year high of $4.24. The company has a market capitalization of $3.56 billion, a P/E ratio of 8.29 and a beta of 2.27. The firm has a 50-day moving average of $2.33 and a 200 day moving average of $2.74.

Several analysts have weighed in on SID shares. BidaskClub raised shares of National Steel from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. TheStreet downgraded shares of National Steel from a “c-” rating to a “d+” rating in a research note on Monday, May 1st. Finally, Zacks Investment Research downgraded shares of National Steel from a “buy” rating to a “hold” rating in a research note on Friday, April 21st.

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National Steel Company Profile

Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates in five segments: Steel, Mining, Cement, Logistics and Energy.

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