Nippon Steel (OTCMKTS:NPSCY) Stock Price Down 2% – Here’s What Happened

Nippon Steel Co. (OTCMKTS:NPSCY)’s stock price dropped 2% during mid-day trading on Monday . The company traded as low as $6.45 and last traded at $6.46. Approximately 182,303 shares changed hands during trading, an increase of 34% from the average daily volume of 135,553 shares. The stock had previously closed at $6.59.

Nippon Steel Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.93 and a quick ratio of 1.03. The company has a market capitalization of $20.83 billion, a PE ratio of 6.59 and a beta of 0.83. The stock’s 50 day simple moving average is $7.02 and its 200-day simple moving average is $6.97.

Nippon Steel (OTCMKTS:NPSCY) last issued its quarterly earnings results on Friday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $14.78 billion for the quarter, compared to analysts’ expectations of $14.19 billion. Nippon Steel had a return on equity of 8.17% and a net margin of 5.34%.

Nippon Steel Company Profile

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.