Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Sees Strong Trading Volume – Here’s What Happened

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares saw unusually-strong trading volume on Monday . Approximately 94,045 shares changed hands during trading, an increase of 181% from the previous session’s volume of 33,413 shares.The stock last traded at $4.1250 and had previously closed at $4.10.

Nippon Steel & Sumitomo Metal Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of -228.61 and a beta of 0.75. The stock’s 50-day simple moving average is $4.03 and its 200 day simple moving average is $5.53.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.

The company’s product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.