Zacks Investment Research downgraded Companhia Siderurgica Nacional (ADR) (NYSE:SID) to Sell in a report released today.
- Updated: September 17, 2016
Zacks Investment Research has downgraded Companhia Siderurgica Nacional (ADR)(NYSE:SID) to Sell in a report released on 8/18/2016.
Showing a price of $2.89, Companhia Siderurgica Nacional (ADR) (NYSE:SID) traded 1.22% lower on the day. With the last close up 7.89% relative to the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same period. Companhia Siderurgica Nacional (ADR) has been tracking to a 50-day average of $3.06 and two hundred day average of $2.64. 1,283,105 shares of Companhia Siderurgica Nacional (ADR) were exchanged, down from ann average volume of 2,125,850
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Companhia Siderurgica Nacional (ADR) has a P/E of 18 with a one-year low of $0.73 and a one-year high of $3.92 and has a total market value of $0.0.
Brief Synopsis About Companhia Siderurgica Nacional (ADR) (NYSE:SID)
Companhia Siderurgica Nacional operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates through five segments: steel, mining, cement, logistics and energy. The steel segment is engaged in the production, distribution and sale of flat steel, long steel, metallic containers and galvanized steel, with operations in Brazil, the United States, Portugal and Germany. The mining segment encompasses the activities of iron ore and tin mining. The cement segment is engaged in the cement production, distribution and sale operations. The Company operates a port terminal for containers, Sepetiba Tecon, at Itaguai Port, and in the state of Rio de Janeiro. The Company is an industrial consumer of electric power in Brazil. The Company’s steel sales are focused on the domestic market.
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