Companhia Siderúrgica Nacional (NYSE:SID) Shares Gap Down – Time to Sell?

Companhia Siderúrgica Nacional (NYSE:SIDGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $1.33, but opened at $1.30. Companhia Siderúrgica Nacional shares last traded at $1.31, with a volume of 187,309 shares changing hands.

Analyst Ratings Changes

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

View Our Latest Analysis on SID

Companhia Siderúrgica Nacional Stock Performance

The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The stock has a 50-day moving average price of $1.72 and a two-hundred day moving average price of $2.02.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Investors 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 dividend payout ratio is presently -146.66%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Inspire Investing LLC purchased a new position in shares of Companhia Siderúrgica Nacional in the second quarter worth $27,000. Sivia Capital Partners LLC purchased a new position in shares of Companhia Siderúrgica Nacional in the third quarter worth $30,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Companhia Siderúrgica Nacional during the second quarter valued at $28,000. PDS Planning Inc purchased a new stake in Companhia Siderúrgica Nacional during the third quarter valued at $32,000. Finally, Savvy Advisors Inc. purchased a new stake in Companhia Siderúrgica Nacional during the third quarter valued at $55,000.

About Companhia Siderúrgica Nacional

(Get Free Report)

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.

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