Companhia Siderúrgica Nacional (NYSE:SID) Hits New 12-Month Low – Should You Sell?

Companhia Siderúrgica Nacional (NYSE:SID) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.45 and last traded at $1.47, with a volume of 3890608 shares trading hands. The stock had previously closed at $1.54.

Wall Street Analysts Forecast Growth

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

Companhia Siderúrgica Nacional Stock Up 2.0 %

The firm has a market cap of $2.08 billion, a PE ratio of -49.98 and a beta of 2.12. 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 company’s 50-day simple moving average is $1.92 and its two-hundred day simple moving average is $2.12.

Companhia Siderúrgica Nacional Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders 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 is currently -146.67%.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in Companhia Siderúrgica Nacional by 51.7% during the second quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock valued at $4,435,000 after buying an additional 656,983 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter worth about $3,824,000. American Century Companies Inc. lifted its position in Companhia Siderúrgica Nacional by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock valued at $4,248,000 after acquiring an additional 236,340 shares during the period. Van ECK Associates Corp boosted its stake in Companhia Siderúrgica Nacional by 17.3% during the second quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company’s stock worth $4,236,000 after acquiring an additional 271,176 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in 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 worth $1,475,000 after purchasing an additional 65,219 shares during the period.

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.