Dynamic Technology Lab Private Ltd Makes New $101,000 Investment in Companhia Siderúrgica Nacional (NYSE:SID)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Companhia Siderúrgica Nacional (NYSE:SID) during the 3rd quarter, Holdings Channel reports. The fund acquired 42,375 shares of the basic materials company’s stock, valued at approximately $101,000.

Several other large investors also recently added to or reduced their stakes in SID. Caprock Group LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the third quarter worth approximately $57,000. Savvy Advisors Inc. purchased a new stake in shares of Companhia Siderúrgica Nacional in the third quarter worth approximately $55,000. PDS Planning Inc purchased a new stake in shares of Companhia Siderúrgica Nacional in the third quarter worth approximately $32,000. Inspire Advisors LLC raised its holdings in shares of Companhia Siderúrgica Nacional by 27.5% in the third quarter. Inspire Advisors LLC now owns 67,120 shares of the basic materials company’s stock worth $160,000 after buying an additional 14,473 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the third quarter worth approximately $30,000.

Analyst Upgrades and Downgrades

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

Companhia Siderúrgica Nacional Trading Up 1.9 %

Shares of NYSE:SID opened at $1.91 on Wednesday. Companhia Siderúrgica Nacional has a 52-week low of $1.82 and a 52-week high of $4.03. The business’s 50 day moving average is $2.11 and its 200 day moving average is $2.21. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.89.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently disclosed 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 (DPR) is currently -733.09%.

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.