Nippon Steel Co. (OTCMKTS:NISTF – Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.27 and traded as high as $4.43. Nippon Steel shares last traded at $4.43, with a volume of 10,542 shares traded.
Nippon Steel Stock Down 4.2%
The firm’s 50 day simple moving average is $4.27 and its 200 day simple moving average is $3.97.
About Nippon Steel
Nippon Steel Corporation is a Japan-based steel producer engaged in the manufacture and sale of a broad range of steel products. Its offerings include flat products, pipes and tubes, bars, wire rods, construction materials, and specialty steels used in automotive, machinery, construction, energy, infrastructure, and other industrial applications.
The company also operates businesses related to engineering and construction, chemicals and materials, system solutions, and other industrial services.
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