Companhia Siderúrgica Nacional (NYSE:SID) Sets New 1-Year Low – Here’s Why

Companhia Siderúrgica Nacional (NYSE:SID)’s share price hit a new 52-week low during mid-day trading on Saturday . The company traded as low as $1.82 and last traded at $1.87, with a volume of 1674761 shares trading hands. The stock had previously closed at $2.00.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 10th.

Companhia Siderúrgica Nacional Stock Performance

The firm has a fifty day moving average of $2.11 and a 200-day moving average of $2.22. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 2.56.

Companhia Siderúrgica Nacional Cuts Dividend

The company 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 of this dividend was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio is presently -433.19%.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC bought a new stake in Companhia Siderúrgica Nacional in the 2nd quarter valued at about $27,000. Sivia Capital Partners LLC bought a new position in Companhia Siderúrgica Nacional in the third quarter valued at about $30,000. Vanguard Personalized Indexing Management LLC acquired a new position in Companhia Siderúrgica Nacional during the second quarter worth about $28,000. PDS Planning Inc bought a new position in shares of Companhia Siderúrgica Nacional in the third quarter worth about $32,000. Finally, Wealthstream Advisors Inc. acquired a new stake in shares of Companhia Siderúrgica Nacional in the 2nd quarter valued at approximately $36,000.

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.