Companhia Siderúrgica Nacional (NYSE:SID) Sets New 1-Year Low – Here’s Why

Companhia Siderúrgica Nacional (NYSE:SID) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $1.66 and last traded at $1.66, with a volume of 112751 shares. The stock had previously closed at $1.72.

Analysts Set New Price Targets

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

Companhia Siderúrgica Nacional Stock Down 5.8 %

The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -57.33 and a beta of 2.12. The firm has a fifty day moving average price of $2.01 and a 200 day moving average price of $2.16. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77.

Companhia Siderúrgica Nacional Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a $0.0952 dividend. The ex-dividend date of this dividend was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is presently -733.33%.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Large investors have recently modified their holdings of the stock. Inspire Investing LLC bought a new stake in Companhia Siderúrgica Nacional during the 2nd quarter worth about $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in Companhia Siderúrgica Nacional in the second quarter valued at approximately $28,000. Sivia Capital Partners LLC bought a new position in Companhia Siderúrgica Nacional in the third quarter valued at approximately $30,000. PDS Planning Inc acquired a new stake in Companhia Siderúrgica Nacional during the 3rd quarter worth $32,000. Finally, Wealthstream Advisors Inc. bought a new stake in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at $36,000.

About Companhia Siderúrgica Nacional

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.