Stock of The Day: Does Companhia Siderurgica Nacional (ADR) Have Any Gas After Today’s Big Increase?

Stock of The Day: Does Companhia Siderurgica Nacional (ADR) Have Any Gas After Today's Big Increase?

The stock of Companhia Siderurgica Nacional (ADR) (NYSE:SID) is a huge mover today! About 876,758 shares traded hands. Companhia Siderurgica Nacional (ADR) (NYSE:SID) has risen 41.23% since April 5, 2016 and is uptrending. It has outperformed by 39.28% the S&P500.
The move comes after 9 months positive chart setup for the $4.45B company. It was reported on Nov, 7 by Barchart.com. We have $4.56 PT which if reached, will make NYSE:SID worth $1.91B more.

Analysts await Companhia Siderurgica Nacional (ADR) (NYSE:SID) to report earnings on November, 11.

According to Zacks Investment Research, “CIA SIDERUR-ADR, through the combining of its own mines, steel mill, railroads, ports and service and distribution centers within the scope of its operations, makes them the largest integrated steel-making complex in Latin America. Leader of the Brazilian steel industry, the company has the capacity to produce 5 million tonnes a year of crude steel.”

Another recent and important Companhia Siderurgica Nacional (ADR) (NYSE:SID) news was published by Zacks.com which published an article titled: “Companhia Siderurgica Nacional Faces Micro amp; Macro Woes” on February 12, 2016.

SID Company Profile

Companhia Siderurgica Nacional, incorporated on April 9, 1941, 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. The Firm operates through five divisions: steel, mining, cement, logistics and energy. The Company’s steel sales are focused on the domestic market.

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