Companhia Siderurgica Nacional (NYSE:SID) shares traded up 2.2% during trading on Friday . The company traded as high as $2.86 and last traded at $2.77, with a volume of 922,571 shares. The stock had previously closed at $2.71.

Separately, Zacks Investment Research cut Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Thursday, August 18th.

The firm has a 50 day moving average price of $3.17 and a 200 day moving average price of $2.49. The company has a market cap of $3.61 billion and a price-to-earnings ratio of 20.00.

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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