Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Sees Large Volume Increase – Here’s Why

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares saw unusually-high 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 Up 0.4%

The firm has a 50 day moving average price of $4.03 and a 200-day moving average price of $5.53. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of -228.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.54.

About Nippon Steel & Sumitomo Metal

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.