Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Sets New 1-Year Low – What’s Next?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.65 and last traded at $3.7040, with a volume of 80349 shares. The stock had previously closed at $3.73.

Nippon Steel & Sumitomo Metal Stock Down 2.4%

The company has a market capitalization of $19.56 billion, a PE ratio of -72.80 and a beta of 0.71. The firm’s 50-day simple moving average is $4.19 and its 200 day simple moving average is $4.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 1.12.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.The company had revenue of $16.73 billion for the quarter, compared to analyst estimates of $17.13 billion.

Nippon Steel & Sumitomo Metal Company Profile

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.