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

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) announced its 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. The business had revenue of $19.08 billion during the quarter, compared to analyst estimates of $18.62 billion.

Nippon Steel & Sumitomo Metal Stock Performance

Nippon Steel & Sumitomo Metal stock traded down $0.14 during midday trading on Friday, reaching $4.25. 54,987 shares of the company’s stock were exchanged, compared to its average volume of 271,417. Nippon Steel & Sumitomo Metal has a 52 week low of $3.32 and a 52 week high of $4.67. The stock’s 50-day simple moving average is $4.30 and its 200 day simple moving average is $3.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.71. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of -212.75 and a beta of 0.65.

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.