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Companhia Siderurgica Nacional (SID) in Focus: Stock Rises 5.9% in Session

Zacks Equity Research

Companhia Siderurgica Nacional (SID) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 22.07% since Jul 1.

The company witnessed one upward revision in the past 7days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for CompanhiaSiderurgicaNacional. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road. 

Companhia Siderurgica carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

However, some better-ranked steel producers include Universal Stainless & Alloy Products Inc. (USAP), Olympic Steel Inc. (ZEUS) and ThyssenKrupp AG (TYEKF). While Universal Stainless & Alloy Products sports a Zacks Rank #1 (Strong Buy),Olympic Steel and ThyssenKrupp AGhold a Zacks Rank #2 (Buy).

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

OLYMPIC STEEL INC (ZEUS): Free Stock Analysis Report

THYSSEN KRUPP AG DUS (TYEKF): Free Stock Analysis Report

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