Companhia Siderurgica Nacional (NYSE:SID) comparing strength with weakness

Posted by Peter Lauro August 21, 2013 0 Comment 584 views


Companhia Siderurgica Nacional (NYSE:SID) stock dipped 1.08% on Tuesday’s closing. The company’s shares had an opening price of $3.62 which climbed to an intraday high of $3.72 and closed at $3.65. More than 9.88 million DID shares were traded in Tuesday’s trading session while the average volume of shares traded over a 30 day period was 6.72. The company has a market cap of 5.32 billion.

As of trading close on Friday, the company’s shares are down by 40.7%. No analysts have currently rated the company stock as a “buy”. Two analysts have assigned a “sell” rating in the stock while one analyst has rated it as a “hold”. The average rating on the stock is a “hold”. SID’s strongest point is its sturdy financial position which is attributed to its liquidity and debt measures. Contrastingly, the company also displays weakness in its earnings per share and revenue growth.

The company

The brazil-based Companhia Siderurgica Nacional (NYSE:SID) is largely involved in the steel industry. The company operates in 5 distinct business segments- the steel sector deals with producing, distributing and marketing flat steel, metal packaging and galvanized steel. The Mining sector – in this sector the company is involved in producing iron ore. In its cement sector, the company manufactures cement. It also explores dolomite and limestone. In the logistics sector, the company has a hub port and two railway companies. In the energy sector, there are energy generation projects. This guarantees that SID is self sufficient as far as power is concerned.

As of 31 December 2011, SID had numerous subsidiaries, like Companhia Metalic Nordeste, CSN Acos Longos SA, Inal Nordeste SA, Sepetiba Tecon SA, CSN Energia SA, Transnordestina Logistica SA, Companhia Metalurgica Prada, CSN Cimentos SA and Estanho de Rondonia SA amongst others.


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