Companhia Siderurgica Nacional (SID) Shares Down 4%
Companhia Siderurgica Nacional (NYSE:SID)’s share price traded down 4% during mid-day trading on Tuesday . The company traded as low as $2.68 and last traded at $2.67, with a volume of 1,225,419 shares. The stock had previously closed at $2.78.
Separately, Zacks Investment Research downgraded Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Thursday, August 18th.
The firm has a 50 day moving average price of $3.17 and a 200-day moving average price of $2.54. The stock has a market capitalization of $3.69 billion and a PE ratio of 20.45.
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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