Companhia Siderúrgica Nacional (NYSE:SID) Reaches New 52-Week Low – Here’s Why

Companhia Siderúrgica Nacional (NYSE:SID)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $1.34 and last traded at $1.35, with a volume of 424351 shares. The stock had previously closed at $1.43.

Wall Street Analysts Forecast Growth

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

Companhia Siderúrgica Nacional Price Performance

The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34. The business has a 50 day moving average price of $1.78 and a 200-day moving average price of $2.05. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -45.15 and a beta of 2.15.

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 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 -146.67%.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Several hedge funds and other institutional investors have recently bought and sold shares of SID. Renaissance Technologies LLC lifted its holdings in shares of Companhia Siderúrgica Nacional by 51.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock worth $4,435,000 after purchasing an additional 656,983 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at $3,824,000. American Century Companies Inc. grew its holdings in shares of Companhia Siderúrgica Nacional by 14.7% during the second quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock valued at $4,248,000 after buying an additional 236,340 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Companhia Siderúrgica Nacional during the third quarter valued at about $3,585,000. Finally, BNP Paribas Financial Markets increased its position in shares of 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 worth $1,475,000 after acquiring an additional 65,219 shares in the last quarter.

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.