Companhia Siderúrgica Nacional (NYSE:SID) Shares Gap Down – What’s Next?

Companhia Siderúrgica Nacional (NYSE:SID)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $1.56, but opened at $1.48. Companhia Siderúrgica Nacional shares last traded at $1.47, with a volume of 246,832 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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 firm has a market capitalization of $1.98 billion, a P/E ratio of -9.97 and a beta of 2.14. The business has a 50-day moving average of $1.54 and a 200 day moving average of $1.91. 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 disclosed 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 is currently -146.66%.

Institutional Trading of Companhia Siderúrgica Nacional

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC purchased a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter worth approximately $30,000. PDS Planning Inc purchased a new position in Companhia Siderúrgica Nacional in the third quarter valued at approximately $32,000. SBI Securities Co. Ltd. purchased a new position in Companhia Siderúrgica Nacional in the fourth quarter valued at approximately $35,000. Pinnacle Wealth Planning Services Inc. lifted its stake in Companhia Siderúrgica Nacional by 41.3% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 9,314 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Companhia Siderúrgica Nacional in the third quarter valued at approximately $55,000.

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.