Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as $1.34 and last traded at $1.35, with a volume of 424351 shares trading hands. The stock had previously closed at $1.43.
Analysts Set New Price Targets
Separately, StockNews.com lowered Companhia Siderúrgica Nacional from a "buy" rating to a "hold" rating in a report on Tuesday, December 10th.
Read Our Latest Stock Analysis on Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional Stock Performance
The stock has a market cap of $1.84 billion, a P/E ratio of -44.15 and a beta of 2.15. The firm has a 50 day moving average of $1.79 and a two-hundred day moving average of $2.06. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34.
Companhia Siderúrgica Nacional Cuts Dividend
The company 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 was Friday, November 29th. Companhia Siderúrgica Nacional's dividend payout ratio (DPR) is -146.67%.
Institutional Investors Weigh In On Companhia Siderúrgica Nacional
Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in shares of Companhia Siderúrgica Nacional by 51.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company's stock worth $4,435,000 after buying an additional 656,983 shares in the last quarter. American Century Companies Inc. grew its position in 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 acquiring an additional 236,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Companhia Siderúrgica Nacional during the third quarter worth $3,824,000. The Manufacturers Life Insurance Company bought a new position in shares of Companhia Siderúrgica Nacional during the third quarter valued at $3,585,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Companhia Siderúrgica Nacional by 11.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company's stock valued at $1,475,000 after purchasing an additional 65,219 shares in the last quarter.
Companhia Siderúrgica Nacional Company Profile
(
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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.
Further Reading
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