Companhia Siderurgica Nacional (SID): Today's Featured Metals & Mining Loser
Companhia Siderurgica Nacional (SID) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 0.3%. By the end of trading, Companhia Siderurgica Nacional fell 26 cents (-3.1%) to $8.22 on average volume. Throughout the day, 4.5 million shares of Companhia Siderurgica Nacional exchanged hands as compared to its average daily volume of 5.4 million shares. The stock ranged in price between $8.08-$8.43 after having opened the day at $8.36 as compared to the previous trading day's close of $8.48. Other company's within the Metals & Mining industry that declined today were: Oilsands Quest Inc (BQI), down 12.1%, Lihua International Inc (LIWA), down 8.8%, Minco Gold Corporation (MGH), down 7.4%, and General Steel Holdings Inc (GSI), down 6%. Companhia Siderurgica Nacional primarily operates as an integrated steel producer in Brazil and Latin America. The company principally produces carbon steel and various steel products. Companhia Siderurgica Nacional has a market cap of $12.84 billion and is part of the basic materials sector. The company has a P/E ratio of 8.5, above the average metals & mining industry P/E ratio of 4.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 49.1% year to date as of the close of trading on Monday. TheStreet Ratings rates Companhia Siderurgica Nacional as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself.
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