3 Stocks Pulling The Metals & Mining Industry Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 37 points (-0.2%) at 16,809 as of Friday, June 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,843 issues advancing vs. 1,114 declining with 177 unchanged.

The Metals & Mining industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Vale ( VALE), up 1.4%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Companhia Siderurgica Nacional ( SID) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Companhia Siderurgica Nacional is down $0.10 (-2.3%) to $4.25 on light volume. Thus far, 1.4 million shares of Companhia Siderurgica Nacional exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $4.25-$4.34 after having opened the day at $4.30 as compared to the previous trading day's close of $4.35.

Companhia Siderurgica Nacional operates as an integrated steel producer primarily in Brazil. It operates through five segments: Steel, Mining, Cement, Logistics, and Energy. Companhia Siderurgica Nacional has a market cap of $6.3 billion and is part of the basic materials sector. Shares are down 29.8% year-to-date as of the close of trading on Thursday. Currently there are no analysts that rate Companhia Siderurgica Nacional a buy, 2 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, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Companhia Siderurgica Nacional Ratings Report now.

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