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

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) posted its quarterly earnings results on Tuesday. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02), Zacks reports. The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $16.70 billion.

Nippon Steel & Sumitomo Metal Price Performance

OTCMKTS:NPSCY opened at $4.29 on Thursday. Nippon Steel & Sumitomo Metal has a 52 week low of $3.32 and a 52 week high of $4.79. The stock’s fifty day moving average is $3.62 and its two-hundred day moving average is $3.80. The company has a market capitalization of $23.05 billion, a P/E ratio of -35.75 and a beta of 0.66. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.77.

Nippon Steel & Sumitomo Metal Company Profile

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.