Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY – Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $4.30 and traded as high as $4.40. Nippon Steel & Sumitomo Metal shares last traded at $4.39, with a volume of 244,990 shares.
Nippon Steel & Sumitomo Metal Trading Up 3.1%
The firm has a market cap of $23.59 billion, a P/E ratio of -219.50 and a beta of 0.65. The business’s 50 day moving average is $4.30 and its 200-day moving average is $3.96. The company has a quick ratio of 0.81, a current ratio of 1.71 and a debt-to-equity ratio of 0.78.
Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $19.08 billion for the quarter, compared to the consensus estimate of $18.62 billion.
Nippon Steel & Sumitomo Metal Company Profile
Nippon Steel & Sumitomo Metal Corporation was a major Japanese steelmaker formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. In 2019, the company changed its name to Nippon Steel Corporation, while continuing the operations and businesses associated with the former Nippon Steel & Sumitomo Metal organization.
The company produces a broad range of steel products, including sheets, plates, bars, wire rods, pipes, tubes and specialty steels.
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