Companhia Siderúrgica Nacional (NYSE:SID) Stock Price Down 4.9% - Time to Sell?

Shares of Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) fell 4.9% on Monday . The stock traded as low as $1.46 and last traded at $1.47. 2,119,525 shares were traded during trading, a decline of 7% from the average session volume of 2,274,447 shares. The stock had previously closed at $1.54.

Analyst Upgrades and Downgrades

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

Companhia Siderúrgica Nacional Stock Performance

The company's 50 day moving average is $1.96 and its 200 day moving average is $2.14. The firm has a market cap of $2.04 billion, a P/E ratio of -48.98 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 company also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a $0.0952 dividend. The ex-dividend date was Friday, November 29th. Companhia Siderúrgica Nacional's dividend payout ratio is presently -146.67%.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Several hedge funds have recently added to or reduced their stakes in SID. Renaissance Technologies LLC lifted its holdings 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 buying an additional 656,983 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Companhia Siderúrgica Nacional during the third quarter worth about $3,824,000. American Century Companies Inc. lifted its stake 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 worth $4,248,000 after acquiring an additional 236,340 shares during the period. Van ECK Associates Corp boosted its holdings in 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 valued at $4,236,000 after acquiring an additional 271,176 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Companhia Siderúrgica Nacional by 11.8% during 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 during the period.

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.