Companhia Siderurgica Nacional (SID) in Focus: Stock Rises 5.2%

Zacks

Companhia Siderurgica Nacional (SID) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.06 to $4.35 in the past one-month time frame.

The company has seen one negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.

Companhia Siderurgica Nacional currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

However, better-ranked steel-producer stocks include Grupo Simec S.A.B. de C.V. (SIM), Universal Stainless & Alloy Products Inc. (USAP) and Olympic Steel Inc. (ZEUS). While Grupo Simec and Universal Stainless & Alloy Products sport a Zacks Rank #1 (Strong Buy), Universal Stainless & Alloy Products has a Zacks Rank #2 (Buy).

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COMPANHIA SIDERURGICA NACION (SID): Free Stock Analysis Report

GRUPO SIMEC S A DE CV ADS (SIM): Free Stock Analysis Report

UNIVERSAL STAINLESS & ALLOY (USAP): Free Stock Analysis Report

OLYMPIC STEEL INC (ZEUS): Free Stock Analysis Report


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