Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Posts Earnings Results, Misses Expectations By $0.01 EPS

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

Nippon Steel & Sumitomo Metal Price Performance

Shares of NPSCY stock traded down $0.32 on Thursday, reaching $4.06. The company had a trading volume of 142,720 shares, compared to its average volume of 142,506. The business’s 50-day moving average is $4.10 and its 200 day moving average is $5.19. Nippon Steel & Sumitomo Metal has a one year low of $3.66 and a one year high of $4.80. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $21.79 billion, a PE ratio of -225.28 and a beta of 0.73.

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.