What’s Next for Companhia Siderurgica Nacional (ADR) (SID) After Today’s Big Increase?

September 17, 2017 - By Michael Collier

The stock of Companhia Siderurgica Nacional (ADR) (NYSE:SID) is a huge mover today! The stock increased 4.27% or $0.14 on September 15, reaching $3.42. About 1.72 million shares traded. Companhia Siderurgica Nacional (ADR) (NYSE:SID) has risen 0.96% since September 17, 2016 and is uptrending. It has underperformed by 15.74% the S&P500.
The move comes after 7 months positive chart setup for the $4.84 billion company. It was reported on Sep, 17 by Barchart.com. We have $3.66 PT which if reached, will make NYSE:SID worth $338.80M more.

More recent Companhia Siderurgica Nacional (ADR) (NYSE:SID) news were published by: Quotes.Wsj.com which released: “Companhia Siderurgica Nacional ADR” on February 12, 2011. Also Marketwatch.com published the news titled: “3.42” on December 21, 2009. Benzinga.com‘s news article titled: “18 Biggest Mid-Day Losers For Thursday” with publication date: May 18, 2017 was also an interesting one.

Companhia Siderurgica Nacional is a Brazil firm engaged in the steel industry. The company has market cap of $4.84 billion. The Firm 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. It has a 14.59 P/E ratio. The Firm operates in five divisions: Steel, Mining, Cement, Logistics and Energy.

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