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

Key Points

• NIPPON STL & SU/S shares fell below their 200-day moving average on Thursday, trading as low as $3.73 versus a 200-day average of $4.00.
• The stock was last seen at $3.76 after a modest move higher, with 175,855 shares changing hands during the session.
• The company, Nippon Steel & Sumitomo Metal Corporation, is a major Japanese steel producer with a broad product lineup and relatively low valuation metrics, including a P/E ratio of 1.36 and a market cap of $3.57 billion.

NIPPON STL & SU/S (OTCMKTS:NSSMY - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.00 and traded as low as $3.73. NIPPON STL & SU/S shares last traded at $3.76, with a volume of 175,855 shares.

NIPPON STL & SU/S Trading Up 1.6%

The stock has a 50-day moving average of $3.75 and a 200 day moving average of $4.00. The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.52. The stock has a market cap of $3.57 billion, a PE ratio of 1.36, a price-to-earnings-growth ratio of 3.94 and a beta of 1.35.

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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