Zacks Rating on National Steel Company (SID)

National Steel Company (SID) : 2 analysts are covering National Steel Company (SID) and their average rating on the stock is 4.5, which is read as a Strong Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation.


Companhia Siderurgica Nacional has lost 12.23% in the last five trading days and dropped 14.07% in the last 4 weeks. Companhia Siderurgica Nacional is up 47.94% in the last 3-month period. Year-to-Date the stock performance stands at 192.86%. National Steel Company (NYSE:SID): On Tuesdays trading session , Opening price of the stock was $2.92 with an intraday high of $3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.86. However, the stock managed to close at $2.87, a loss of 0.69% for the day. On the previous day, the stock had closed at $2.89. The total traded volume of the day was 1,585,336 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.

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