Companhia Siderúrgica Nacional (NYSE:SID) Shares Gap Down – What’s Next?

Companhia Siderúrgica Nacional (NYSE:SID) gapped down prior to trading on Tuesday . The stock had previously closed at $1.33, but opened at $1.30. Companhia Siderúrgica Nacional shares last traded at $1.31, with a volume of 187,309 shares.

Analysts Set New Price Targets

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

Companhia Siderúrgica Nacional Stock Performance

The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -43.82 and a beta of 2.15. The stock has a fifty day moving average price of $1.75 and a two-hundred day moving average price of $2.03. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77.

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 paid a $0.0952 dividend. The ex-dividend date was Friday, November 29th. Companhia Siderúrgica Nacional’s payout ratio is currently -146.67%.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Several institutional investors have recently added to or reduced their stakes in SID. Inspire Investing LLC acquired a new position in Companhia Siderúrgica Nacional in the second quarter valued at $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in Companhia Siderúrgica Nacional in the second quarter valued at $28,000. Sivia Capital Partners LLC acquired a new position in Companhia Siderúrgica Nacional in the third quarter valued at $30,000. PDS Planning Inc acquired a new position in Companhia Siderúrgica Nacional in the third quarter valued at $32,000. Finally, Headlands Technologies LLC purchased a new stake in Companhia Siderúrgica Nacional during the second quarter valued at about $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.