National Steel Company (SID) : Analyst Rating Update

National Steel Company (SID) has an average broker rating of 4.67, which is interpreted as a Strong Sell, as rated by 3 equity analysts. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 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.

National Steel Company (NYSE:SID): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.47 and $2.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.74, notching a gain of 5.38% for the day. The total traded volume was 2,721,494 . The stock had closed at $2.60 on the previous day.

The company shares have rallied 85.71% from its 1 Year high price. On Apr 20, 2016, the shares registered one year high at $3.92 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $2.14 and the 200 Day Moving Average price is recorded at $1.92.

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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