Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Hits New 1-Year Low – Time to Sell?

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) reached a new 52-week low during trading on Friday . The stock traded as low as $3.41 and last traded at $3.4299, with a volume of 413071 shares changing hands. The stock had previously closed at $3.44.

Nippon Steel & Sumitomo Metal Stock Down 0.9%

The business’s fifty day moving average price is $3.63 and its two-hundred day moving average price is $3.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 1.12. The firm has a market capitalization of $18.32 billion, a P/E ratio of -28.42 and a beta of 0.66.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its earnings results on Wednesday, May 13th. The company reported $0.08 EPS for the quarter. The firm had revenue of $17.89 billion for the quarter, compared to analysts’ expectations of $18.20 billion.

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.