Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Reaches New 12-Month Low – Here’s What Happened

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.3550 and last traded at $3.3550, with a volume of 24094 shares traded. The stock had previously closed at $3.44.

Nippon Steel & Sumitomo Metal Trading Down 2.3%

The stock has a market cap of $18.07 billion, a price-to-earnings ratio of -28.02 and a beta of 0.66. The business’s fifty day simple moving average is $3.56 and its 200 day simple moving average is $3.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.78 and a quick ratio of 0.85.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its earnings results on Wednesday, May 13th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $17.89 billion for the quarter, compared to analyst estimates of $18.20 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.