Companhia Siderúrgica Nacional (NYSE:SID) Hits New 1-Year Low – Here’s What Happened

Companhia Siderúrgica Nacional (NYSE:SID)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $1.38 and last traded at $1.40, with a volume of 217192 shares trading hands. 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 note on Tuesday, December 10th.

Companhia Siderúrgica Nacional Stock Performance

The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -45.98 and a beta of 2.12. The company’s 50-day simple moving average is $1.83 and its 200-day simple moving average is $2.08. 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 business also recently announced 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 is currently -146.67%.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

A number of hedge funds and other institutional investors have recently made changes to their positions in SID. JPMorgan Chase & Co. grew its holdings in Companhia Siderúrgica Nacional by 48,194.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company’s stock worth $1,056,000 after acquiring an additional 440,983 shares during the period. XTX Topco Ltd bought a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth about $299,000. Point72 Asset Management L.P. boosted its position in shares of Companhia Siderúrgica Nacional by 352.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 300,998 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 234,498 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at about $3,824,000. Finally, BNP Paribas Financial Markets raised its stake 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 worth $1,475,000 after buying 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.