Companhia Siderurgica Nacional (NYSE:SID) shares dropped 2.6% on Monday . The company traded as low as $3.36 and last traded at $3.37, with a volume of 779,473 shares traded. The stock had previously closed at $3.46.

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

The firm has a 50-day moving average price of $2.90 and a 200-day moving average price of $2.28. The stock has a market cap of $4.56 billion and a PE ratio of 480.00.

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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