Companhia Siderúrgica Nacional SID was a big mover last session, as the company saw its shares rise roughly 9% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $1.66 to $2.27 in the past one-month time frame, showed a pick-up yesterday at $2.11.
This steel producer witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Companhia Siderúrgica. 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 Siderúrgica Nacional has a Zacks Rank #2 (Buy).
Investors interested in the space may also consider AK Steel Holding Corporation AKS, carrying a Zacks Rank #2.
Is SID going up? Or down? Predict to see what others think: Up or Down
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CIA SIDERUR-ADR (SID): Free Stock Analysis Report
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