National Steel Company (SID) has risen sharply, recording gains of 7.35% in the past 4 weeks. However, the stock has corrected -2.89% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.25% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.2% and the 50-Day Moving Average is 22.65%. National Steel Company (NYSE:SID): On Fridays trading session , Opening price of the stock was $3.37 with an intraday high of $3.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $3.35. However, the stock managed to close at $3.36, a loss of 3.17% for the day. On the previous day, the stock had closed at $3.47. The total traded volume of the day was 1,241,956 shares.
Institutional Investors own 3.39% of National Steel Company shares.
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.