Analyst Rating Update on National Steel Company (SID)

National Steel Company (NYSE:SID) : Zacks Investment Research ranks National Steel Company (NYSE:SID) as 3, which is a Hold recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. The average broker rating of 3 research analysts is 4.67, which indicates as a Strong Sell.

The shares have received a consensus rating of Sell for the current week

National Steel Company (NYSE:SID): stock turned positive on Tuesday. Though the stock opened at $2.23, the bulls momentum made the stock top out at $2.32 level for the day. The stock recorded a low of $2.23 and closed the trading day at $2.29, in the green by 7.01%. The total traded volume for the day was 1,700,342. The stock had closed at $2.14 in the previous days trading.

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 Companys self-sufficiency. The Company operates through subsidiaries, such as Companhia Metalurgica Prada, Sepetiba Tecon SA, Florestal Nacional SA, CSN Energia SA, Transnordestina Logistica SA, Estanho de Rondonia SA and CSN Cimentos SA, among others.

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