Companhia Siderurgica Nacional (SID) Trading 4.2% Higher
Companhia Siderurgica Nacional (NYSE:SID)’s share price traded up 4.2% during mid-day trading on Thursday . The company traded as high as $3.49 and last traded at $3.48, with a volume of 893,761 shares traded. The stock had previously closed at $3.34.
Separately, Zacks Investment Research cut shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Monday, June 6th.
The stock has a 50-day moving average price of $3.04 and a 200-day moving average price of $2.34. The company has a market capitalization of $4.56 billion and a price-to-earnings 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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