Companhia Siderurgica Nacional (NYSE:SID)’s share price rose 6.1% during trading on Tuesday . The company traded as high as $2.96 and last traded at $2.95, with a volume of 1,027,405 shares. The stock had previously closed at $2.78.

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

The company has a 50-day moving average price of $2.20 and a 200-day moving average price of $1.97. The firm has a market cap of $3.94 billion and a P/E ratio of 483.33.

An institutional investor recently raised its position in Companhia Siderurgica Nacional stock. Morgan Stanley boosted its stake in Companhia Siderurgica Nacional (NYSE:SID) by 162.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,618,907 shares of the company’s stock after buying an additional 2,238,768 shares during the period. Morgan Stanley owned 0.27% of Companhia Siderurgica Nacional worth $3,531,000 as of its most recent filing with the SEC.

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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