Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) released its quarterly earnings results on Thursday. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10, Zacks reports.

Nippon Steel & Sumitomo Metal Trading Up 3.1%

NPSCY traded up $0.13 on Thursday, hitting $4.39. The company had a trading volume of 244,990 shares, compared to its average volume of 172,440. The company’s fifty day moving average price is $4.30 and its 200 day moving average price is $3.96. Nippon Steel & Sumitomo Metal has a 1 year low of $3.32 and a 1 year high of $4.67. The company has a current ratio of 1.71, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a market cap of $23.59 billion, a P/E ratio of -219.50 and a beta of 0.65.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation was a major Japanese steelmaker formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. In 2019, the company changed its name to Nippon Steel Corporation, while continuing the operations and businesses associated with the former Nippon Steel & Sumitomo Metal organization.

The company produces a broad range of steel products, including sheets, plates, bars, wire rods, pipes, tubes and specialty steels.