Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) saw strong trading volume on Tuesday . 259,399 shares traded hands during mid-day 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 has a fifty day simple moving average of $4.16 and a two-hundred day simple moving average of $5.06. The stock has a market capitalization of $24.13 billion, a price-to-earnings ratio of -89.80 and a beta of 0.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.54 and a current ratio of 1.15.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $16.73 billion during the quarter, compared to the consensus estimate of $17.13 billion. Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.

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.