Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Shares Down 5.9% – What’s Next?

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) were down 5.9% during trading on Friday . The stock traded as low as $4.2725 and last traded at $4.2725. Approximately 14,304 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 136,491 shares. The stock had previously closed at $4.54.

Nippon Steel & Sumitomo Metal Stock Performance

The stock has a market cap of $23.19 billion, a P/E ratio of -86.30 and a beta of 0.73. The business has a 50 day moving average price of $4.15 and a 200 day moving average price of $5.11. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.53.

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