Nippon Steel & Sumitomo Metal (OTCMKTS:NISTF) Upgraded to “Buy” at Goldman Sachs Group

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Nippon Steel & Sumitomo Metal (OTCMKTS:NISTF) was upgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.

OTCMKTS:NISTF opened at $8.29 on Friday. Nippon Steel & Sumitomo Metal has a 12-month low of $7.97 and a 12-month high of $15.57. The firm has a 50-day moving average price of $9.56 and a 200 day moving average price of $10.94.

Nippon Steel & Sumitomo Metal (OTCMKTS:NISTF) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.74) earnings per share for the quarter. The firm had revenue of $13.27 billion for the quarter, compared to the consensus estimate of $12.89 billion.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation engages in steelmaking and steel fabrication businesses worldwide. It operates in five segments: Steelmaking and Steel Fabrication, Engineering and Construction, Chemicals, New materials, and System Solutions. The company offers steel plates; hot- and cold-rolled steel sheets and coils, coated steel sheets, color coated steel sheets, electrolytic tin plates, and electrical steel sheets; bar and rod materials; and structural steel products.

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