Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Stock Price Down 5.4% – What’s Next?

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) shares were down 5.4% during trading on Tuesday . The stock traded as low as $4.16 and last traded at $4.17. Approximately 23,462 shares traded hands during trading, a decline of 84% from the average daily volume of 148,101 shares. The stock had previously closed at $4.41.

Nippon Steel & Sumitomo Metal Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.54 and a current ratio of 1.15. The stock has a market capitalization of $22.62 billion, a P/E ratio of -84.20 and a beta of 0.73. The firm has a fifty day moving average price of $4.21 and a two-hundred day moving average price of $4.98.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.The firm had revenue of $16.73 billion during the quarter, compared to analysts’ expectations 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.