Companhia Siderúrgica Nacional (NYSE:SID) Shares Gap Down – Should You Sell?

Companhia Siderúrgica Nacional (NYSE:SID)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $1.33, but opened at $1.30. Companhia Siderúrgica Nacional shares last traded at $1.31, with a volume of 187,309 shares traded.

Analyst Ratings Changes

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 Trading Down 1.5 %

The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. The business has a 50-day moving average price of $1.72 and a two-hundred day moving average price of $2.02.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given a $0.0952 dividend. The ex-dividend date of this dividend was Friday, November 29th. Companhia Siderúrgica Nacional’s payout ratio is currently -146.66%.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC purchased a new stake in Companhia Siderúrgica Nacional in the 2nd quarter valued at $27,000. Sivia Capital Partners LLC purchased a new stake in Companhia Siderúrgica Nacional during the 3rd quarter worth about $30,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Companhia Siderúrgica Nacional during the 2nd quarter worth about $28,000. PDS Planning Inc purchased a new stake in Companhia Siderúrgica Nacional during the 3rd quarter worth about $32,000. Finally, Inspire Advisors LLC lifted its holdings in Companhia Siderúrgica Nacional by 27.5% during the 3rd quarter. Inspire Advisors LLC now owns 67,120 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 14,473 shares in the last quarter.

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.