Companhia Siderurgica Nacional (NYSE:SID)’s share price fell 5.8% during mid-day trading on Monday . The company traded as low as $2.89 and last traded at $2.93, with a volume of 1,401,923 shares traded. The stock had previously closed at $3.11.

Separately, Zacks Investment Research cut Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a report on Monday, June 6th.

The stock has a 50-day moving average price of $3.17 and a 200 day moving average price of $2.48. The stock has a market cap of $3.77 billion and a P/E ratio of 20.59.

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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