Companhia Siderurgica Nacional (SID) Trading 4.5% Higher
Shares of Companhia Siderurgica Nacional (NYSE:SID) traded up 4.5% during trading on Thursday . The stock traded as high as $3.35 and last traded at $3.27, with a volume of 1,707,942 shares changing hands. The stock had previously closed at $3.13.
Separately, Zacks Investment Research upgraded shares of Companhia Siderurgica Nacional from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th.
The company’s 50 day moving average is $2.51 and its 200-day moving average is $2.08. The firm has a market capitalization of $4.53 billion and a PE ratio of 477.14.
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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