Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report)'s share price 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 changing hands. The stock had previously closed at $1.72.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Companhia Siderúrgica Nacional from a "buy" rating to a "hold" rating in a research note on Tuesday, December 10th.
View Our Latest Report on SID
Companhia Siderúrgica Nacional Stock Performance
The company has a 50-day moving average of $2.00 and a 200-day moving average of $2.15. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -51.32 and a beta of 2.12. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77.
Companhia Siderúrgica Nacional Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a dividend of $0.0952 per share. The ex-dividend date of this dividend was Friday, November 29th. Companhia Siderúrgica Nacional's dividend payout ratio (DPR) is -733.33%.
Hedge Funds Weigh In On Companhia Siderúrgica Nacional
A number of large investors have recently bought and sold shares of the business. Inspire Investing LLC bought a new stake in Companhia Siderúrgica Nacional in the second quarter valued at $27,000. Sivia Capital Partners LLC bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at about $30,000. Vanguard Personalized Indexing Management LLC bought a new stake in Companhia Siderúrgica Nacional in the 2nd quarter valued at about $28,000. PDS Planning Inc acquired a new position in Companhia Siderúrgica Nacional during the 3rd quarter valued at about $32,000. Finally, Wealthstream Advisors Inc. bought a new position in Companhia Siderúrgica Nacional in the 2nd quarter worth about $36,000.
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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