Companhia Siderurgica Nacional (SID) Trading Down 6%
Companhia Siderurgica Nacional (NYSE:SID) shares traded down 6% during mid-day trading on Tuesday . The stock traded as low as $3.25 and last traded at $3.27, with a volume of 2,392,977 shares. The stock had previously closed at $3.48.
Separately, Zacks Investment Research cut Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Monday, June 6th.
The stock’s 50 day moving average price is $3.10 and its 200 day moving average price is $2.40. The stock has a market capitalization of $4.44 billion and a PE ratio of 467.14.
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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