Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Reaches New 12-Month Low – Here’s What Happened

Shares of Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) hit a new 52-week low during trading on Tuesday . The company traded as low as $3.3550 and last traded at $3.3550, with a volume of 24094 shares trading hands. The stock had previously closed at $3.44.

Nippon Steel & Sumitomo Metal Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.78 and a quick ratio of 0.85. The company has a fifty day moving average price of $3.56 and a 200 day moving average price of $3.86. The company has a market capitalization of $18.07 billion, a P/E ratio of -28.02 and a beta of 0.66.

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