Companhia Siderurgica Nacional (SID) Sees Large Volume Increase
Companhia Siderurgica Nacional (NYSE:SID) saw unusually-high trading volume on Thursday . Approximately 2,117,421 shares traded hands during trading, an increase of 7% from the previous session’s volume of 1,986,696 shares.The stock last traded at $2.62 and had previously closed at $2.63.
Separately, Zacks Investment Research raised Companhia Siderurgica Nacional from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th.
The firm has a market cap of $3.62 billion and a P/E ratio of 20.08. The firm has a 50-day moving average price of $3.15 and a 200 day moving average price of $2.54.
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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