Companhia Siderúrgica Nacional (NYSE:SID) Shares Gap Down to $2.31

Companhia Siderúrgica Nacional (NYSE:SID)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $2.31, but opened at $2.24. Companhia Siderúrgica Nacional shares last traded at $2.22, with a volume of 82,082 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Itau BBA Securities reissued an “underperform” rating and issued a $3.00 price target on shares of Companhia Siderúrgica Nacional in a research note on Thursday, April 4th. Bank of America lowered Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $3.90 to $2.90 in a research note on Tuesday, April 9th. Finally, StockNews.com lowered Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd.

Companhia Siderúrgica Nacional Stock Down 0.5 %

The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 0.48 and a beta of 2.14. The company has a current ratio of 1.29, a quick ratio of 0.91 and a debt-to-equity ratio of 1.89. The firm has a 50 day moving average price of $2.68 and a two-hundred day moving average price of $3.21.

Companhia Siderúrgica Nacional (NYSE:SID) last announced its earnings results on Thursday, May 9th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.19). The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Companhia Siderúrgica Nacional had a net margin of 1.45% and a return on equity of 3.17%. On average, equities analysts expect that Companhia Siderúrgica Nacional will post 0.18 earnings per share for the current fiscal year.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently announced a — dividend, which was paid on Wednesday, May 22nd. Investors of record on Friday, January 1st were issued a dividend of $0.1395 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a dividend yield of 16.6%. Companhia Siderúrgica Nacional’s payout ratio is currently 288.89%.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC raised its holdings in shares of Companhia Siderúrgica Nacional by 42.7% during the 4th quarter. Lindbrook Capital LLC now owns 9,876 shares of the basic materials company’s stock valued at $39,000 after buying an additional 2,956 shares during the period. Jump Financial LLC purchased a new stake in Companhia Siderúrgica Nacional during the 4th quarter worth approximately $51,000. Quadrant Capital Group LLC increased its holdings in Companhia Siderúrgica Nacional by 28.2% during the 4th quarter. Quadrant Capital Group LLC now owns 13,305 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 2,930 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Companhia Siderúrgica Nacional during the 4th quarter worth approximately $54,000. Finally, First Affirmative Financial Network purchased a new stake in Companhia Siderúrgica Nacional during the 4th quarter worth approximately $54,000.

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, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.