Shares of Companhia Siderurgica Nacional (NYSE:SID) traded up 6.1% during mid-day trading on Tuesday . The stock traded as high as $2.96 and last traded at $2.95, with a volume of 1,027,405 shares trading hands. The stock had previously closed at $2.78.

Separately, Zacks Investment Research raised Companhia Siderurgica Nacional from a “sell” rating to a “hold” rating in a report on Thursday, June 16th.

The company has a market capitalization of $4.13 billion and a PE ratio of 506.67. The stock has a 50-day moving average of $2.26 and a 200 day moving average of $1.98.

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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