Companhia Siderurgica Nacional (SID): Today's Featured Basic Materials Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Companhia Siderurgica Nacional ( SID) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 1.4%. By the end of trading, Companhia Siderurgica Nacional fell $0.47 (-8.0%) to $5.41 on heavy volume. Throughout the day, 18,177,422 shares of Companhia Siderurgica Nacional exchanged hands as compared to its average daily volume of 5,658,400 shares. The stock ranged in price between $5.30-$5.68 after having opened the day at $5.68 as compared to the previous trading day's close of $5.88. Other companies within the Basic Materials sector that declined today were: Entree Gold ( EGI), down 8.8%, Walter Energy ( WLT), down 8.0%, Ossen Innovation ( OSN), down 7.4% and USEC ( USU), down 7.2%.

Companhia Siderurgica Nacional operates as an integrated steel producer primarily in Brazil. The company principally produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries. Companhia Siderurgica Nacional has a market cap of $8.6 billion and is part of the metals & mining industry. Shares are down 5.2% year to date as of the close of trading on Friday. Currently there are no analysts that rate Companhia Siderurgica Nacional a buy, 3 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Companhia Siderurgica Nacional as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk.

On the positive front, Timberline Resources Corporation ( TLR), up 42.8%, Golden Star Resources ( GSS), up 25.4%, Tonix Pharmaceuticals ( TNXP), up 18.1% and Rubicon Minerals ( RBY), up 17.6% , were all gainers within the basic materials sector with Anadarko Petroleum ( APC) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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