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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares saw unusually-strong trading volume on Tuesday . 307,404 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 332,200 shares.The stock last traded at $3.73 and had previously closed at $3.68.

Nippon Steel & Sumitomo Metal Stock Performance

The firm’s 50-day simple moving average is $3.51 and its two-hundred day simple moving average is $3.80. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $20.04 billion, a PE ratio of -31.08 and a beta of 0.68.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its earnings results on Wednesday, May 13th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $17.89 billion during the quarter, compared to analysts’ expectations of $18.20 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.