NIPPON STL & SU/S (OTCMKTS:NSSMY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

NIPPON STL & SU/S (OTCMKTS:NSSMYGet Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.52 and traded as high as $3.60. NIPPON STL & SU/S shares last traded at $3.59, with a volume of 306,975 shares.

NIPPON STL & SU/S Stock Up 0.3%

The company has a market cap of $3.41 billion, a P/E ratio of 1.30, a P/E/G ratio of 3.94 and a beta of 1.35. The company’s 50-day moving average is $3.52 and its two-hundred day moving average is $3.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.22 and a quick ratio of 0.51.

About NIPPON STL & SU/S

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Nippon Steel & Sumitomo Metal Corporation, trading as OTCMKTS:NSSMY, is a leading Japanese integrated steel producer formed through the 2012 merger of Nippon Steel and Sumitomo Metal Industries. Headquartered in Tokyo, the company operates across the entire steel value chain, from raw material procurement and coke-making to steelmaking, rolling, coating and finishing. It leverages advanced blast furnace and electric arc furnace technologies to support a diversified portfolio of steel offerings.

The company’s product lineup encompasses a broad range of flat and long steel products, including hot-rolled and cold-rolled sheets, galvanized steel, plates, wire rods, rails, pipes and tubes.

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