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.

On the positive front, Entree Gold Inc ( EGI), up 9.5%, Extorre Gold Mines ( XG), up 9.2%, Avino Silver & Gold Mines ( ASM), up 8.8%, and Avino Silver & Gold Mines ( ASGMF), up 8.8%, were all gainers within the metals & mining industry with Eldorado Gold ( EGO) being today's featured metals & mining industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).
null

If you liked this article you might like

Trader's Daily Notebook: Reading the Shake-Out Through the Eyes of ETFs

Shark Bites: These Steel Names Are Looking Strong

Trade-Ideas: Companhia Siderurgica Nacional (SID) Is Today's Strong And Under The Radar Stock

Companhia Siderurgica Nacional (SID): Today's Weak On High Volume Stock

Today's Dead Cat Bounce Stock Is Companhia Siderurgica Nacional (SID)