Companhia Siderurgica Nacional (SID) Sees Strong Trading Volume
Companhia Siderurgica Nacional (NYSE:SID) shares saw an uptick in trading volume on Wednesday . 2,720,071 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 2,024,766 shares.The stock last traded at $3.18 and had previously closed at $3.27.
Separately, Zacks Investment Research lowered Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th.
The stock has a market capitalization of $4.36 billion and a P/E ratio of 22.77. The company has a 50-day moving average of $3.13 and a 200 day moving average of $2.41.
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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