Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Posts Quarterly Earnings Results

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) issued its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports.

Nippon Steel & Sumitomo Metal Stock Performance

Shares of OTCMKTS NPSCY traded up $0.05 during midday trading on Wednesday, reaching $3.65. 244,048 shares of the company traded hands, compared to its average volume of 283,935. Nippon Steel & Sumitomo Metal has a 52 week low of $3.50 and a 52 week high of $4.79. 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 company has a market cap of $19.61 billion, a price-to-earnings ratio of -73.00 and a beta of 0.68. The stock has a 50-day moving average price of $3.71 and a 200 day moving average price of $3.99.

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.