Companhia Siderúrgica Nacional (NYSE:SID) Reaches New 1-Year Low – Time to Sell?

Companhia Siderúrgica Nacional (NYSE:SID) shares hit a new 52-week low on Wednesday . The stock traded as low as $1.34 and last traded at $1.35, with a volume of 424351 shares trading hands. The stock had previously closed at $1.43.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Price Performance

The company has a market cap of $1.88 billion, a P/E ratio of -45.15 and a beta of 2.15. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34. The company has a fifty day moving average price of $1.78 and a two-hundred day moving average price of $2.05.

Companhia Siderúrgica Nacional Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a dividend of $0.0952 per share. The ex-dividend date was Friday, November 29th. Companhia Siderúrgica Nacional’s payout ratio is presently -146.67%.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Several hedge funds and other institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at approximately $3,824,000. The Manufacturers Life Insurance Company bought a new stake in Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $3,585,000. Renaissance Technologies LLC raised its stake in shares of Companhia Siderúrgica Nacional by 51.7% during the second quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock valued at $4,435,000 after acquiring an additional 656,983 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Companhia Siderúrgica Nacional by 48,194.9% during the third quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company’s stock valued at $1,056,000 after acquiring an additional 440,983 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Companhia Siderúrgica Nacional by 14.7% during the second quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock worth $4,248,000 after purchasing an additional 236,340 shares during the period.

Companhia Siderúrgica Nacional 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.