Companhia Siderúrgica Nacional (NYSE:SID) Reaches New 12-Month Low – Should You Sell?

Companhia Siderúrgica Nacional (NYSE:SID) reached a new 52-week low on Wednesday . The company traded as low as $1.34 and last traded at $1.35, with a volume of 424351 shares traded. 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 research report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Trading Down 5.6 %

The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. The company has a fifty day moving average of $1.81 and a two-hundred day moving average of $2.06. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -44.99 and a beta of 2.15.

Companhia Siderúrgica Nacional Cuts Dividend

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

Institutional Trading of Companhia Siderúrgica Nacional

A number of hedge funds have recently bought and sold shares of SID. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth about $3,824,000. The Manufacturers Life Insurance Company bought a new position in Companhia Siderúrgica Nacional during the third quarter valued at about $3,585,000. Renaissance Technologies LLC raised its holdings in Companhia Siderúrgica Nacional by 51.7% in the 2nd 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in Companhia Siderúrgica Nacional by 48,194.9% in the 3rd 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 in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Companhia Siderúrgica Nacional by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock worth $4,248,000 after acquiring 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.