Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY – Get Free Report) announced its earnings results on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02), Zacks reports. The company had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $16.70 billion.
Nippon Steel & Sumitomo Metal Price Performance
Shares of NPSCY stock opened at $4.16 on Wednesday. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.32 and a fifty-two week high of $4.79. The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of -34.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.85 and a current ratio of 1.78. The stock’s 50-day simple moving average is $3.61 and its 200-day simple moving average is $3.80.
About Nippon Steel & Sumitomo Metal
Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.
The company’s product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.
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