Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Sees Large Volume Increase – Still a Buy?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares saw strong trading volume on Thursday . 200,640 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 279,155 shares.The stock last traded at $3.7050 and had previously closed at $3.7250.

Nippon Steel & Sumitomo Metal Trading Up 1.1%

The stock has a market cap of $20.15 billion, a P/E ratio of -75.00 and a beta of 0.71. The firm’s 50 day simple moving average is $3.92 and its two-hundred day simple moving average is $4.08. The company has a quick ratio of 0.53, a current ratio of 1.12 and a debt-to-equity ratio of 0.51.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $16.73 billion for the quarter, compared to the consensus estimate of $17.13 billion.

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.