Companhia Siderúrgica Nacional (NYSE:SID) Hits New 52-Week Low – Should You Sell?

Shares of Companhia Siderúrgica Nacional (NYSE:SID) reached a new 52-week low on Wednesday . The company traded as low as $1.82 and last traded at $1.84, with a volume of 3488505 shares. The stock had previously closed at $1.95.

Analysts Set New Price Targets

Separately, StockNews.com cut Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th.

Companhia Siderúrgica Nacional Trading Up 1.1 %

The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 2.56. The firm has a 50 day simple moving average of $2.14 and a two-hundred day simple moving average of $2.28.

Companhia Siderúrgica Nacional (NYSE:SID) last posted its quarterly earnings data on Monday, August 12th. The basic materials company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.18. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.94 billion. Companhia Siderúrgica Nacional had a negative net margin of 0.34% and a negative return on equity of 0.79%. On average, equities analysts expect that Companhia Siderúrgica Nacional will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Institutional investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Companhia Siderúrgica Nacional in the third quarter valued at $3,824,000. BNP Paribas Financial Markets grew its position in shares of Companhia Siderúrgica Nacional by 11.8% in the third quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company’s stock valued at $1,475,000 after purchasing an additional 65,219 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Companhia Siderúrgica Nacional in the third quarter valued at approximately $3,585,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $101,000. Finally, Caprock Group LLC acquired a new stake in Companhia Siderúrgica Nacional during the 3rd quarter valued at $57,000.

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.