Companhia Siderúrgica Nacional (NYSE:SID) Shares Gap Down – Time to Sell?

Companhia Siderúrgica Nacional (NYSE:SID)’s share price gapped down before the market opened on Friday . The stock had previously closed at $1.47, but opened at $1.43. Companhia Siderúrgica Nacional shares last traded at $1.45, with a volume of 387,697 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Price Performance

The business’s 50-day simple moving average is $1.90 and its two-hundred day simple moving average is $2.11. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -47.98 and a beta of 2.12. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors 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 -146.67%.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in Companhia Siderúrgica Nacional in the 2nd quarter valued at approximately $27,000. Sivia Capital Partners LLC acquired a new stake in Companhia Siderúrgica Nacional in the third quarter valued at $30,000. Vanguard Personalized Indexing Management LLC bought a new position in Companhia Siderúrgica Nacional during the 2nd quarter worth $28,000. PDS Planning Inc acquired a new position in Companhia Siderúrgica Nacional during the 3rd quarter worth about $32,000. Finally, Headlands Technologies LLC acquired a new position in Companhia Siderúrgica Nacional during the 2nd quarter worth about $52,000.

Companhia Siderúrgica Nacional Company Profile

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.