Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Hits New 12-Month Low – Time to Sell?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) reached a new 52-week low during trading on Friday . The company traded as low as $3.55 and last traded at $3.72, with a volume of 2792 shares changing hands. The stock had previously closed at $3.73.

Nippon Steel & Sumitomo Metal Trading Down 0.1%

The company’s fifty day simple moving average is $4.16 and its two-hundred day simple moving average is $4.63. The company has a quick ratio of 0.53, a current ratio of 1.12 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of -74.10 and a beta of 0.71.

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 analysts’ consensus estimates 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 business had revenue of $16.73 billion during the quarter, compared to analyst estimates 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.