Companhia Siderurgica Nacional (NYSE:SID) rose 5.3% during mid-day trading on Wednesday . The company traded as high as $3.20 and last traded at $3.20, with a volume of 1,030,421 shares trading hands. The stock had previously closed at $3.04.

Separately, Zacks Investment Research lowered Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Monday, April 18th.

The stock has a market cap of $4.71 billion and a price-to-earnings ratio of 495.71. The stock’s 50 day moving average price is $2.83 and its 200 day moving average price is $2.24.

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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