Companhia Siderúrgica Nacional (NYSE:SID) Hits New 12-Month Low – Should You Sell?

Companhia Siderúrgica Nacional (NYSE:SID) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.66 and last traded at $1.66, with a volume of 112751 shares traded. The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

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

Companhia Siderúrgica Nacional Stock Down 5.8 %

The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. The firm’s fifty day moving average price is $2.01 and its 200-day moving average price is $2.16. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -57.33 and a beta of 2.12.

Companhia Siderúrgica Nacional Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued 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 -733.33%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Companhia Siderúrgica Nacional in the third quarter valued at about $3,824,000. The Manufacturers Life Insurance Company bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at approximately $3,585,000. Renaissance Technologies LLC boosted its position in Companhia Siderúrgica Nacional by 51.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock worth $4,435,000 after acquiring an additional 656,983 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Companhia Siderúrgica Nacional by 17.3% during 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 acquiring an additional 271,176 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Companhia Siderúrgica Nacional by 14.7% in the second quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock valued at $4,248,000 after purchasing an additional 236,340 shares during the last quarter.

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.