Companhia Siderúrgica Nacional (NYSE:SID) Sets New 12-Month Low – Time to Sell?

Companhia Siderúrgica Nacional (NYSE:SID) shares reached a new 52-week low during trading on Thursday . The company traded as low as $1.82 and last traded at $1.86, with a volume of 3512660 shares trading hands. The stock had previously closed at $1.94.

Wall Street Analysts Forecast Growth

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

Companhia Siderúrgica Nacional Trading Down 5.4 %

The business’s fifty day moving average price is $2.02 and its two-hundred day moving average price is $2.17. 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 announced a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given a dividend of $0.0952 per share. The ex-dividend date of this dividend was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio is currently -733.09%.

Institutional Trading of Companhia Siderúrgica Nacional

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Companhia Siderúrgica Nacional during the 2nd quarter worth about $153,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Companhia Siderúrgica Nacional during the second quarter worth about $38,000. Wealthstream Advisors Inc. purchased a new stake in Companhia Siderúrgica Nacional in the second quarter valued at approximately $36,000. Van ECK Associates Corp increased its holdings in Companhia Siderúrgica Nacional by 17.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company’s stock worth $4,236,000 after buying an additional 271,176 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Companhia Siderúrgica Nacional in the 2nd quarter worth approximately $52,000.

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.