Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Hits New 12-Month Low – Here’s Why

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.38 and last traded at $3.40, with a volume of 4081 shares changing hands. The stock had previously closed at $3.41.

Nippon Steel & Sumitomo Metal Trading Up 2.0%

The stock has a market capitalization of $18.92 billion, a price-to-earnings ratio of -29.33 and a beta of 0.66. 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 business has a 50-day moving average of $3.60 and a 200-day moving average of $3.90.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced its earnings results on Wednesday, May 13th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $17.89 billion during 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.