Companhia Siderurgica Nacional (SID) Trading Down 6.2%
Shares of Companhia Siderurgica Nacional (NYSE:SID) dropped 6.2% during trading on Thursday . The stock traded as low as $2.57 and last traded at $2.57, with a volume of 1,250,047 shares. The stock had previously closed at $2.74.
Separately, Zacks Investment Research cut shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Monday, April 18th.
The stock has a market capitalization of $3.73 billion and a price-to-earnings ratio of 458.33. The firm has a 50 day moving average price of $2.18 and a 200 day moving average price of $1.94.
A hedge fund recently raised its stake in Companhia Siderurgica Nacional stock. Morgan Stanley increased its stake in Companhia Siderurgica Nacional (NYSE:SID) by 162.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,618,907 shares of the company’s stock after buying an additional 2,238,768 shares during the period. Morgan Stanley owned 0.27% of Companhia Siderurgica Nacional worth $3,531,000 as of its most recent filing with the SEC.
Companhia Siderurgica Nacional (CSN) is a Brazil-based company primarily engaged in the steel industry. The Company divides its business into five segments: Steel sector, which is involved in the production, distribution and marketing of flat steel, galvanized steel and metal packaging; Mining sector, which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around two railway companies and a hub port, and Energy sector, which includes investments in energy generation projects to guarantee the Company’s self-sufficiency.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.