Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $4.30 and traded as high as $4.40. Nippon Steel & Sumitomo Metal shares last traded at $4.39, with a volume of 244,990 shares traded.

Nippon Steel & Sumitomo Metal Trading Up 3.1%

The company has a market cap of $23.59 billion, a PE ratio of -219.50 and a beta of 0.65. The business has a 50 day simple moving average of $4.30 and a two-hundred day simple moving average of $3.96. The company has a current ratio of 1.71, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The company had revenue of $19.08 billion for the quarter, compared to analyst estimates of $18.62 billion.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation was a major Japanese steelmaker formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. In 2019, the company changed its name to Nippon Steel Corporation, while continuing the operations and businesses associated with the former Nippon Steel & Sumitomo Metal organization.

The company produces a broad range of steel products, including sheets, plates, bars, wire rods, pipes, tubes and specialty steels.