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

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) announced its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02), Zacks reports.

Nippon Steel & Sumitomo Metal Price Performance

Shares of OTCMKTS NPSCY opened at $4.12 on Tuesday. The stock has a market cap of $22.17 billion, a P/E ratio of -34.38 and a beta of 0.66. The firm’s 50-day simple moving average is $3.59 and its 200 day simple moving average is $3.80. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.32 and a fifty-two week high of $4.79. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.77.

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.