Nippon Steel (OTCMKTS:NPSCY) Sets New 52-Week Low – Should You Sell?

Nippon Steel Co. (OTCMKTS:NPSCYGet Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $6.25 and last traded at $6.40, with a volume of 348534 shares. The stock had previously closed at $6.47.

Nippon Steel Price Performance

The business has a fifty day moving average of $6.71 and a two-hundred day moving average of $7.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.97. The firm has a market capitalization of $20.83 billion, a price-to-earnings ratio of 6.27 and a beta of 0.93.

About Nippon Steel

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Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.

Further Reading

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