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

Companhia Siderúrgica Nacional (NYSE:SID)’s share price reached a new 52-week low on Saturday . The company traded as low as $1.82 and last traded at $1.87, with a volume of 1674761 shares. The stock had previously closed at $2.00.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 10th.

Companhia Siderúrgica Nacional Price Performance

The business has a 50 day simple moving average of $2.11 and a two-hundred day simple moving average of $2.23. The firm has a market capitalization of $2.59 billion, a P/E ratio of -62.33 and a beta of 2.16. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.89 and a current ratio of 1.29.

Companhia Siderúrgica Nacional Cuts Dividend

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

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Several hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter worth $299,000. Point72 Asset Management L.P. grew its position in Companhia Siderúrgica Nacional by 352.6% in the third quarter. Point72 Asset Management L.P. now owns 300,998 shares of the basic materials company’s stock worth $719,000 after acquiring an additional 234,498 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Companhia Siderúrgica Nacional in the third quarter valued at $3,824,000. BNP Paribas Financial Markets raised its position in Companhia Siderúrgica Nacional by 11.8% during 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 in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Companhia Siderúrgica Nacional during the third quarter worth about $3,585,000.

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.