Companhia Siderurgica Nacional (NYSE:SID)’s share price was down 2.5% on Wednesday . The stock traded as low as $3.07 and last traded at $3.13, with a volume of 1,592,041 shares changing hands. The stock had previously closed at $3.21.

Separately, Zacks Investment Research raised Companhia Siderurgica Nacional from a “hold” rating to a “strong-buy” rating and set a $2.25 target price on the stock in a research note on Thursday, March 31st.

The company’s 50 day moving average is $2.43 and its 200 day moving average is $2.05. The stock has a market capitalization of $4.25 billion and a price-to-earnings ratio of 447.14.

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.

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