Nippon Steel (OTCMKTS:NISTF) Shares Down 5.6% – Here’s Why

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

Nippon Steel Stock Down 5.6 %

The firm has a 50 day moving average price of $21.70 and a two-hundred day moving average price of $21.56.

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.

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