Companhia Siderurgica Nacional (NYSE:SID)’s share price was down 2.4% on Wednesday . The stock traded as low as $2.83 and last traded at $2.84, with a volume of 617,198 shares changing hands. The stock had previously closed at $2.91.
Separately, Zacks Investment Research lowered shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Monday, June 6th.
The company’s 50 day moving average price is $3.14 and its 200-day moving average price is $2.59. The stock has a market capitalization of $3.91 billion and a P/E ratio of 21.65.
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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