Companhia Siderurgica Nacional (SID) Stock Price Up 4.2%
Companhia Siderurgica Nacional (NYSE:SID) rose 4.2% on Thursday . The company traded as high as $3.49 and last traded at $3.48, with a volume of 893,761 shares changing hands. The stock had previously closed at $3.34.
Separately, Zacks Investment Research upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Tuesday, April 19th.
The firm’s 50 day moving average price is $3.01 and its 200-day moving average price is $2.33. The company has a market cap of $4.71 billion and a P/E ratio of 495.71.
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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