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

Companhia Siderúrgica Nacional (NYSE:SID) shares gapped down prior to trading on Friday . The stock had previously closed at $1.42, but opened at $1.38. Companhia Siderúrgica Nacional shares last traded at $1.37, with a volume of 284,802 shares changing hands.

Analyst Ratings Changes

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

Companhia Siderúrgica Nacional Stock Performance

The company’s fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $2.08. 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 stock has a market capitalization of $1.93 billion, a P/E ratio of -46.32 and a beta of 2.12.

Companhia Siderúrgica Nacional Cuts Dividend

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

Institutional Trading of Companhia Siderúrgica Nacional

Several institutional investors have recently added to or reduced their stakes in the company. Inspire Advisors LLC increased its position in Companhia Siderúrgica Nacional by 19.1% during the 2nd quarter. Inspire Advisors LLC now owns 52,647 shares of the basic materials company’s stock worth $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 2nd quarter worth approximately $27,000. Sivia Capital Partners LLC bought a new position in Companhia Siderúrgica Nacional during the 3rd quarter worth $30,000. Vanguard Personalized Indexing Management LLC acquired a new position in Companhia Siderúrgica Nacional in the 2nd quarter valued at $28,000. Finally, PDS Planning Inc bought a new stake in shares of Companhia Siderúrgica Nacional during the 3rd quarter valued at $32,000.

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.