Companhia Siderurgica Nacional (SID) Shares Down 4.7%
Companhia Siderurgica Nacional (NYSE:SID)’s share price was down 4.7% on Monday . The stock traded as low as $3.22 and last traded at $3.23, with a volume of 3,132,621 shares trading hands. The stock had previously closed at $3.39.
Separately, Zacks Investment Research raised shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research report on Tuesday, April 19th.
The firm’s 50-day moving average is $2.72 and its 200 day moving average is $2.21. The firm has a market cap of $4.38 billion and a PE ratio of 461.43.
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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