Companhia Siderúrgica Nacional (NYSE:SID) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Companhia Siderúrgica Nacional (NYSE:SID) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Companhia Siderúrgica Nacional Price Performance

Shares of NYSE SID opened at $1.86 on Tuesday. Companhia Siderúrgica Nacional has a fifty-two week low of $1.82 and a fifty-two week high of $4.03. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -62.00 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. The business has a 50-day moving average of $2.03 and a 200-day moving average of $2.18.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently disclosed 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 is presently -733.33%.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in shares of Companhia Siderúrgica Nacional by 51.7% in the second quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock valued at $4,435,000 after buying an additional 656,983 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Companhia Siderúrgica Nacional during the 3rd quarter valued at $3,824,000. American Century Companies Inc. boosted its position in Companhia Siderúrgica Nacional by 14.7% during the second quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock worth $4,248,000 after purchasing an additional 236,340 shares during the period. Van ECK Associates Corp increased its holdings in shares of Companhia Siderúrgica Nacional by 17.3% in the second quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company’s stock valued at $4,236,000 after purchasing an additional 271,176 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Companhia Siderúrgica Nacional by 11.8% in the third quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company’s stock valued at $1,475,000 after purchasing an additional 65,219 shares during the last quarter.

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.