Shares of Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $1.42, but opened at $1.38. Companhia Siderúrgica Nacional shares last traded at $1.37, with a volume of 284,802 shares traded.
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.
Read Our Latest Research Report on SID
Companhia Siderúrgica Nacional Stock Down 2.8 %
The stock's 50-day moving average price is $1.83 and its two-hundred day moving average price is $2.08. The stock has a market capitalization of $1.91 billion, a PE ratio of -45.98 and a beta of 2.12. 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 business also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given 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 presently -146.67%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Companhia Siderúrgica Nacional by 17.3% in 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 buying an additional 271,176 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Companhia Siderúrgica Nacional in the second quarter worth approximately $52,000. American Century Companies Inc. raised its holdings in shares of Companhia Siderúrgica Nacional by 14.7% during 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. Inspire Advisors LLC lifted its position in Companhia Siderúrgica Nacional by 19.1% during the second quarter. Inspire Advisors LLC now owns 52,647 shares of the basic materials company's stock valued at $121,000 after purchasing an additional 8,452 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Companhia Siderúrgica Nacional by 51.7% in the second quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company's stock worth $4,435,000 after purchasing an additional 656,983 shares during the last quarter.
Companhia Siderúrgica Nacional Company Profile
(
Get Free Report)
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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