Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Trading Down 5.9% – What’s Next?

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) traded down 5.9% on Friday . The stock traded as low as $4.2725 and last traded at $4.2725. 14,304 shares were traded during trading, a decline of 90% from the average session volume of 136,491 shares. The stock had previously closed at $4.54.

Nippon Steel & Sumitomo Metal Stock Performance

The stock has a market capitalization of $23.19 billion, a PE ratio of -86.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.54 and a current ratio of 1.15. The firm’s 50 day moving average is $4.15 and its two-hundred day moving average is $5.11.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $16.73 billion for the quarter, compared to analyst estimates of $17.13 billion. Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.

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.