Companhia Siderurgica Nacional (SID) Sees Unusually-High Trading Volume
Companhia Siderurgica Nacional (NYSE:SID) shares saw strong trading volume on Wednesday . 2,720,071 shares were traded during trading, an increase of 34% from the previous session’s volume of 2,024,766 shares.The stock last traded at $3.18 and had previously closed at $3.27.
Separately, Zacks Investment Research lowered shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research note on Thursday.
The company has a market cap of $4.22 billion and a price-to-earnings ratio of 22.06. The company’s 50-day moving average price is $3.15 and its 200 day moving average price is $2.41.
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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