Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Announces Earnings Results

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

Nippon Steel & Sumitomo Metal Stock Performance

Nippon Steel & Sumitomo Metal stock traded up $0.03 during mid-day trading on Friday, reaching $3.59. 71,470 shares of the stock traded hands, compared to its average volume of 283,111. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 0.53. The business’s 50-day moving average is $3.70 and its 200-day moving average is $3.98. The stock has a market capitalization of $19.31 billion, a PE ratio of -71.87 and a beta of 0.68. Nippon Steel & Sumitomo Metal has a 12-month low of $3.50 and a 12-month high of $4.79.

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.