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

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

Nippon Steel & Sumitomo Metal Price Performance

Nippon Steel & Sumitomo Metal stock traded up $0.13 during midday trading on Thursday, reaching $4.39. The company’s stock had a trading volume of 244,990 shares, compared to its average volume of 172,440. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.32 and a fifty-two week high of $4.67. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $4.30 and its 200 day simple moving average is $3.96.

About Nippon Steel & Sumitomo Metal

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.