Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Reaches New 1-Year Low – Should You Sell?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.65 and last traded at $3.7040, with a volume of 80349 shares trading hands. The stock had previously closed at $3.73.

Nippon Steel & Sumitomo Metal Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 0.53. The stock has a market capitalization of $19.80 billion, a PE ratio of -73.70 and a beta of 0.71. The firm has a fifty day moving average price of $4.19 and a two-hundred day moving average price of $4.74.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). 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 the consensus estimate of $17.13 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.