Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Sets New 1-Year Low – Time to Sell?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY)’s stock price reached a new 52-week low during mid-day 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 Stock Down 0.3%

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 stock’s fifty day simple moving average is $3.67 and its two-hundred day simple moving average is $3.96. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of -29.08 and a beta of 0.68.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its earnings results on Wednesday, May 13th. The company reported $0.08 EPS for the quarter. The business had revenue of $17.89 billion during the quarter, compared to the consensus estimate 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.