Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.38 and last traded at $1.40, with a volume of 217192 shares. The stock had previously closed at $1.44.
Analyst Ratings Changes
Separately, StockNews.com lowered Companhia Siderúrgica Nacional from a "buy" rating to a "hold" rating in a research report on Tuesday, December 10th.
Check Out Our Latest Report on SID
Companhia Siderúrgica Nacional Stock Down 1.4 %
The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77. The company's fifty day moving average price is $1.86 and its 200-day moving average price is $2.09. The stock has a market capitalization of $1.97 billion, a PE ratio of -47.32 and a beta of 2.12.
Companhia Siderúrgica Nacional Cuts Dividend
The business 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 payout ratio is presently -146.67%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in shares of Companhia Siderúrgica Nacional by 51.7% during the second quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company's stock valued at $4,435,000 after acquiring an additional 656,983 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Companhia Siderúrgica Nacional by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company's stock worth $4,248,000 after purchasing an additional 236,340 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Companhia Siderúrgica Nacional by 17.3% in the second quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company's stock worth $4,236,000 after purchasing an additional 271,176 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Companhia Siderúrgica Nacional in the third quarter worth $3,824,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Companhia Siderúrgica Nacional during the third quarter valued at $3,585,000.
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.
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