Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) saw strong trading volume on Thursday . 550,251 shares traded hands during trading, an increase of 229% from the previous session's volume of 167,243 shares.The stock last traded at $6.22 and had previously closed at $6.27.

Nippon Steel & Sumitomo Metal Stock Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.01 and a current ratio of 1.95. The firm has a 50 day moving average of $6.65 and a two-hundred day moving average of $6.92. The stock has a market cap of $20.31 billion, a P/E ratio of 8.75 and a beta of 0.78.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). Nippon Steel & Sumitomo Metal had a net margin of 3.73% and a return on equity of 5.54%. The business had revenue of $14.78 billion during the quarter, compared to the consensus estimate of $14.19 billion.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.