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

NIPPON STL & SU/S (OTCMKTS:NSSMY) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.03 and traded as low as $6.66. NIPPON STL & SU/S shares last traded at $6.86, with a volume of 61,303 shares traded.

NIPPON STL & SU/S Price Performance

The stock has a market capitalization of $6.15 billion, a P/E ratio of 2.34, a price-to-earnings-growth ratio of 3.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.22 and a quick ratio of 0.51. The company’s 50-day simple moving average is $7.43 and its 200-day simple moving average is $7.03.

About NIPPON STL & SU/S

Nippon Steel & Sumitomo Metal Corporation engages in steelmaking and steel fabrication businesses worldwide. It operates in five segments: Steelmaking and Steel Fabrication, Engineering and Construction, Chemicals, New materials, and System Solutions. The company offers steel plates; hot- and cold-rolled steel sheets and coils, coated steel sheets, color coated steel sheets, electrolytic tin plates, and electrical steel sheets; bar and rod materials; and structural steel products.