Nippon Steel (OTCMKTS:NISTF) Trading Down 5.6% – Should You Sell?

Nippon Steel Co. (OTCMKTS:NISTFGet Free Report) fell 5.6% during mid-day trading on Friday . The company traded as low as $19.23 and last traded at $19.23. 650 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 589 shares. The stock had previously closed at $20.37.

Nippon Steel Stock Performance

The business has a 50 day simple moving average of $21.64 and a 200 day simple moving average of $21.51.

Nippon Steel Company Profile

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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.

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