Companhia Siderúrgica Nacional (NYSE:SID) Hits New 1-Year Low – Should You Sell?

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

Analyst Upgrades and Downgrades

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

Companhia Siderúrgica Nacional Stock Performance

The company’s 50-day moving average price is $1.98 and its two-hundred day moving average price is $2.15. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -50.98 and a beta of 2.12. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93.

Companhia Siderúrgica Nacional Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued 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 currently -733.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in Companhia Siderúrgica Nacional in the third quarter worth approximately $299,000. Point72 Asset Management L.P. grew its position in shares of Companhia Siderúrgica Nacional by 352.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 300,998 shares of the basic materials company’s stock worth $719,000 after buying an additional 234,498 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Companhia Siderúrgica Nacional in the 3rd quarter valued at $3,824,000. BNP Paribas Financial Markets grew its stake in shares of Companhia Siderúrgica Nacional by 11.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company’s stock valued at $1,475,000 after buying an additional 65,219 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Companhia Siderúrgica Nacional during the third quarter worth about $3,585,000.

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.