NIPPON STL & SU/S (OTCMKTS:NSSMY) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• NIPPON STL & SU/S (NSSMY) crossed below its 200-day moving average of $4.01 on Wednesday, trading as low as $3.60 and last at $3.67 on volume of 495,738 shares.
• The company has a market cap of $3.49 billion and a very low P/E of 1.32, with a 50-day moving average of $3.81 and balance-sheet metrics including debt/equity 0.52, quick ratio 0.51 and current ratio 1.22; Nippon Steel & Sumitomo is a leading integrated Japanese steel producer formed in 2012.

NIPPON STL & SU/S (OTCMKTS:NSSMY - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.01 and traded as low as $3.60. NIPPON STL & SU/S shares last traded at $3.67, with a volume of 495,738 shares changing hands.

NIPPON STL & SU/S Trading Up 1.9%

The firm has a market cap of $3.49 billion, a P/E ratio of 1.32, a PEG ratio of 3.94 and a beta of 1.35. The company has a 50 day moving average of $3.81 and a 200 day moving average of $4.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.51 and a current ratio of 1.22.

NIPPON STL & SU/S Company Profile

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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