Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Sees Unusually-High Trading Volume – Here’s Why

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares saw an uptick in trading volume on Tuesday . 259,399 shares changed hands during trading, an increase of 82% from the previous session’s volume of 142,762 shares.The stock last traded at $4.4650 and had previously closed at $4.36.

Nippon Steel & Sumitomo Metal Price Performance

The company’s 50 day moving average price is $4.16 and its 200 day moving average price is $5.06. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.54 and a current ratio of 1.15. The company has a market cap of $24.13 billion, a price-to-earnings ratio of -89.80 and a beta of 0.73.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its 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). Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%. The firm had revenue of $16.73 billion during the quarter, compared to the consensus estimate of $17.13 billion.

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.