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

Companhia Siderúrgica Nacional (NYSE:SID)’s share price dropped 4.9% during mid-day trading on Monday . The company traded as low as $1.46 and last traded at $1.47. Approximately 2,119,525 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 2,274,447 shares. The stock had previously closed at $1.54.

Analysts Set New Price Targets

Separately, StockNews.com cut 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 company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34. The company’s 50-day simple moving average is $1.93 and its 200-day simple moving average is $2.12. The company has a market capitalization of $2.08 billion, a PE ratio of -49.98 and a beta of 2.12.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a $0.0952 dividend. The ex-dividend date of this dividend was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is currently -146.67%.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Several large investors have recently modified their holdings of SID. Inspire Advisors LLC increased its stake in Companhia Siderúrgica Nacional by 19.1% in the 2nd quarter. Inspire Advisors LLC now owns 52,647 shares of the basic materials company’s stock valued at $121,000 after buying an additional 8,452 shares during the period. Inspire Investing LLC acquired a new position in shares of Companhia Siderúrgica Nacional during the second quarter worth about $27,000. Sivia Capital Partners LLC purchased a new position in Companhia Siderúrgica Nacional during the third quarter worth about $30,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Companhia Siderúrgica Nacional in the second quarter valued at about $28,000. Finally, PDS Planning Inc purchased a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at approximately $32,000.

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.