Brokerage Firm Rating Update on National Steel Company (SID)

National Steel Company (SID) has an average broker rating of 4.5, which is interpreted as a Strong Sell, as rated by 2 equity analysts. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


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

National Steel Company (NYSE:SID): stock was range-bound between the intraday low of $2.825 and the intraday high of $2.92 after having opened at $2.91 on Wednesdays session. The stock finally closed in the red at $2.91, a loss of -1.03%. The stock remained in the red for the whole trading day. The total traded volume was 2,023,592 shares. The stock failed to cross $2.92 in Wednesdays trading. The stocks closing price on Thursday was $2.91.

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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