Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Hits New 1-Year Low – Here’s What Happened

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $3.50 and last traded at $3.5150, with a volume of 10066 shares. The stock had previously closed at $3.52.

Nippon Steel & Sumitomo Metal Price Performance

The company has a market cap of $18.81 billion, a price-to-earnings ratio of -70.00 and a beta of 0.68. The company has a fifty day simple moving average of $3.68 and a two-hundred day simple moving average of $3.97. The company has a quick ratio of 0.53, a current ratio of 1.12 and a debt-to-equity ratio of 0.51.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its quarterly 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 for the quarter, compared to analyst estimates of $18.20 billion.

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.