Companhia Siderúrgica Nacional (NYSE:SID) Hits New 12-Month Low – Here’s Why

Shares of Companhia Siderúrgica Nacional (NYSE:SID) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.38 and last traded at $1.40, with a volume of 217192 shares trading hands. The stock had previously closed at $1.44.

Analysts Set New Price Targets

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

Companhia Siderúrgica Nacional Price Performance

The firm has a market cap of $1.91 billion, a P/E ratio of -45.98 and a beta of 2.12. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The company’s 50-day moving average is $1.83 and its two-hundred day moving average is $2.08.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were issued a dividend of $0.0952 per share. The ex-dividend date was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is presently -146.67%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC acquired a new position in Companhia Siderúrgica Nacional during the second quarter worth about $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in Companhia Siderúrgica Nacional during the 2nd quarter worth approximately $28,000. Sivia Capital Partners LLC bought a new position in Companhia Siderúrgica Nacional in the 3rd quarter valued at approximately $30,000. PDS Planning Inc acquired a new stake in Companhia Siderúrgica Nacional in the third quarter valued at approximately $32,000. Finally, Headlands Technologies LLC bought a new stake in shares of Companhia Siderúrgica Nacional during the second quarter worth $52,000.

About Companhia Siderúrgica Nacional

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.